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Gabriel Escarrer Jaume Of Meliá Hotels International Acquires Hotel From Barry Gurvitch For $203M
SOLD
$203,000,000
New York
See Similar DealsHotel
Sold 06/08/2026
SOLD
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
See Similar DealsHotel
Sold 06/08/2026
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$721,216.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$962,323.57
Annual Debt Service$11,547,882.79
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