Andy Burnett Acquires Hotel At 1260 Broadway In Midtown West For $55.5M From Seller Brad Thurman

1260 Broadway, located in Midtown West, has been sold in a closed transaction. The property, a hotel, was acquired by Andy Burnett from Brad Thurman for a total sale price of $55,500,000. Spanning across 330,000 square feet, the hotel has 531 keys, resulting in a price per key of $104,519. The price per square foot stands at $168.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $55,500,000
• Address: 1260 Broadway, Midtown West
• Buyer: Andy Burnett
• Seller: Brad Thurman
• Seller's Representative: Eric Michael Anton & Nelson Lee - Marcus & Millichap - The Anton Group
• Keys: 531
• Price Per Key: $104,519
• Square Footage: 330,000
• Price Per Square Foot: $168

Leading the transaction were Eric Michael Anton and Nelson Lee from Marcus & Millichap - The Anton Group, who represented the seller, Brad Thurman.