Gabriel Escarrer Jaume Of Meliá Hotels International Acquires Hotel From Barry Gurvitch For $203M
132 West 27th Street, 132-142 West 27th Street, New York, Ny 10001 & 142 West 27th Street
$203,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 8, 2026
About this deal
AI
The property involved in this transaction is the Innside by Meliá New York NoMad hotel, featuring 313 keys and located at 132-142 West 27th Street in Manhattan’s NoMad neighborhood. The property was sold for $203 million, with a price per key calculated at $648,562.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $203,000,000
- Address: 132-142 West 27th Street
- Market: Manhattan
- Number of Keys: 313
- Price per Key: $648,562
- Buyer: Gabriel Escarrer Jaume - Meliá Hotels International
- Seller: Barry Gurvitch - Artimus Construction
The transaction was facilitated by Artimus Construction, which is led by Eytan Benyamin, showcasing the involvement of prominent stakeholders in the hospitality industry.
On the Map
$203,000,000
Hotel
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New York Hotel Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93