search

The Real Deal Logo

Trending

Trump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
New York

Related gets $263M for Yotel space

Sign Up for the undefined Newsletter

Yotel, the European pod hotel chain that made its U.S. debut in Hell’s Kitchen this month, paid $263 million for its brand new digs in the Related Companies’ MiMA tower at 440 West 42nd Street. According to a deed filed today with the city, Related transferred the MiMA commercial condominium that Yotel now occupies on June 1. Yotel officially opened its doors two days later. The 669-room hotel, of which The Real Deal architecture columnist James Gardner is not a fan, offers guests 170 square feet of space in exchange for around $150 per night. Making up the rest of MiMA’s 60 stories are 500 rental units, 151 condos, 23,000 square feet of amenities and 13,000 square feet of retail space. TRD

Tags
Related CompaniesYotel