Comfort Inn Times Square South hits the market for $35M

Sam Chang sold the hotel to Gemini Real Estate Investors in 2008 for $25M

Comfort Inn Times Square South at 305 West 39th Street
Comfort Inn Times Square South at 305 West 39th Street

A Times Square hotel is hitting the market for $35 million.

The Comfort Inn Times Square South at 305 West 39th Street was built in 2007, according to the New York Post and has a 93 percent occupancy rate. Rooms are about $180 per night. The price per room — based on the $35 million asking price — comes down to $448,718.

Sign Up for the undefined Newsletter

Hotel developer Sam Chang built the hotel along with five other hotels on the same block. Chang sold the property to Gemini Real Estate Advisors in 2008 for $24.6 million.

The 78-key hotel is being brought to market by Marcus & Millichap’s Jerry Swon and Michael Rothstein as well as Gordon Allred, who works out of California. [NYP, 2nd] — Claire Moses