Kam Sang Acquires Hotel In Flatiron District From ADIA For 271 Keys

The property asset involved in this transaction is a hotel located at 5 Madison Avenue in the Flatiron District. The hotel comprises 271 keys.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not Disclosed
• Address: 5 Madison Avenue
• Market: Flatiron District
• Keys: 271
• Buyer: Kam Sang
• Seller: ADIA (Abu Dhabi Investment Authority)
• Sale Brokers: Jeff Davis, Scott Ellman, Alyssa Kidd & Natasha Balkovic - Eastdil Secured

The deal was facilitated by a team of brokers from Eastdil Secured, consisting of Jeff Davis, Scott Ellman, Alyssa Kidd, and Natasha Balkovic, representing both the buyer and the seller in this transaction.