Shamin Hotels Acquires Hampton Inn Hotel In Manhattan For $32.4M

The Hampton Inn Hotel located at 32 Pearl Street in New York City has been sold in a closed transaction for a price of $32,400,000. The hotel features 81 rooms, making the price per key $400,000. The seller of the property is Hersha Hospitality Trust, represented by Jay H. Shah, while the buyer is Shamin Hotels, represented by Neil Amin.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $32,400,000
• Address: 32 Pearl Street, New York City
• Market: Manhattan
• Rooms: 81
• Price per Key: $400,000
• Seller: Hersha Hospitality Trust - Jay H. Shah
• Buyer: Shamin Hotels - Neil Amin

This transaction represents a significant deal in the hospitality industry. Neil Amin, representing Shamin Hotels, saw the potential in the Hampton Inn Hotel and made the purchase from Jay H. Shah, the representative of Hersha Hospitality Trust. With 81 rooms, the hotel is poised to attract business and leisure travelers looking for a comfortable and convenient stay in the heart of Manhattan.