Chelsea Star hotel up for grabs

Chelsea Star

Chelsea Star, the 44-room budget hotel at 300 West 30th Street, on
Eighth Avenue near Madison Square Garden and Penn Station, is on the
market for just over $20 million, the Post reported. The three-building
property has 40,000 square feet of air rights, as well as 155 square
feet of retail frontage, which currently has a Subway sandwich shop and
three other tenants. Robert Garrish and Saunders Ketcham of CB Richard
Ellis’ Private Client Group are marketing the hotel, which Garrish said
is “solid” and “performing strongly.” [Post, 5th item]

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