Shlomi Tahan Of Dan Hotels Acquires NoMo SoHo Hotel From Alex Sapir For $125 Million

The 9 Crosby Street property is a hotel asset located in Manhattan with a sale price of $125 million. This transaction involves a total of 264 keys, translating to a price per key of $473,485. The property was previously operated as the NoMo SoHo hotel and will undergo renovations following the acquisition.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $125,000,000
• Address: 9 Crosby Street
• Market: Manhattan
• Keys: 264
• PPK: $473,485
• Buyer: Shlomi Tahan - Dan Hotels
• Seller: Alex Sapir - Sapir Corp

Shlomi Tahan represents Dan Hotels, marking the company's first venture in the U.S. with this acquisition from Alex Sapir, who represents Sapir Corp. As part of their international expansion strategy, Dan Hotels plans to implement renovations on the property.