David Fattal Of Fattal Hotel Group Acquires Blakely Hotel From Richard Born For $38.5M

The property involved in the transaction is a hotel located at 136 West 55th Street in Midtown West, Manhattan. The asset sold for a price of $38,500,000 and encompasses a total square footage of 70,478, resulting in a price per square foot of $546.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $38,500,000
• Square Footage: 70,478
• Price per Square Foot: $546
• Buyer: David Fattal - Fattal Hotel Group
• Seller: Richard Born - BD Hotels
• Closing Date: July 7, 2026
• Recording Date: July 17, 2026

David Fattal represents Fattal Hotel Group in acquiring the 117-room Blakely Hotel from Richard Born, who represents BD Hotels in this transaction, marking a significant movement within the hotel industry in Manhattan.