Larry McGuire Of MML Hospitality Acquires Nine Orchard Hotel From DLJ Real Estate Capital Partners For $92M

The Nine Orchard Hotel, located at 9 Orchard Street in Manhattan, was sold for $92 million. The asset features a total square footage of 71,380 and represents a price per square foot of $1,289.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $92,000,000
• Address: 9 Orchard Street
• Market: Manhattan
• Seller: DLJ Real Estate Capital Partners
• Buyer: Larry McGuire - MML Hospitality

DLJ Real Estate Capital Partners completed the sale of the property to MML Hospitality, an Austin-based company led by Larry McGuire. This transaction highlights the commitment of both parties in the hospitality sector.