Wharton Properties Leases Midtown Hotel To Sonder

The property involved in this lease transaction is a hotel located at 25 West 34th Street in Midtown. The lease was agreed upon between the landlord, Wharton Properties - Joseph Sutton & Jeff Sutton, and the tenant, Sonder. The lease terms are set for 15 years.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $300,000,000
• Address: 25 West 34th Street
• Market: Midtown
• Landlord: Wharton Properties - Joseph Sutton & Jeff Sutton
• Tenant: Sonder
• Asking Rent: $300,000,000
• Square Footage: 176,375
• Keys: 363
• Lease Terms: 15 years

In this transaction, the landlord, Wharton Properties - Joseph Sutton & Jeff Sutton, represented their own interests. Sonder, on the other hand, was not represented by a broker in this deal.