NoMad owners pay $6M for neighboring building

New York /
Jun.June 20, 2013 09:00 AM

The entity that owns the NoMad Hotel, 1170 Broadway Associates, has paid $6 million for a five-story mixed-use building adjacent to their own owned by Silvershore Properties, according to a statement provided to The Real Deal.

The deal for the property, located at 10 West 28th Street, will allow the 168-room NoMad to expand, said Silvershore principal Jason Silverstein in the statement. “The NoMad Hotel saw this as a great opportunity to increase their space and offerings and we agreed,” he said.

The NoMad offers luxe décor with a homey vibe, representing a transition that boutique hotels have undergone in the last decade from cultivating nightclub-like atmospheres to creating more comfortable settings.

Silvershore’s recent transactions include the purchase of 63 Spring Street in Soho for $6.4 million and a 25-unit building at 219 13th Street in Park Slope for $5.25 million. —Hiten Samtani


Related Articles

arrow_forward_ios
Thompson Austin at 506 San Jacinto Boulevard, Austin, Texas (Hyatt)
Don’t call it a comeback: Austin hotels rebound but building never slowed
Don’t call it a comeback: Austin hotels rebound but building never slowed
Michael Medzigian, chairman and managing partner, Watermark Capital Partners (Watermark Capital Partners, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Watermark Capital looks to sell indebted Holiday Inn in Chelsea
Watermark Capital looks to sell indebted Holiday Inn in Chelsea
Ben Hakimian, founder, Hakimian Organization; 244 West 49th Street (Google Maps, KSU)
Hakimian changes Midtown hotel plans to residential
Hakimian changes Midtown hotel plans to residential
Ben Hakimian and Naveen Shah of Navika Capital Group (Navika Group of Companies, LoopNet, iStock, KSU)
Hakimian sells hotel at 75 Wall Street
Hakimian sells hotel at 75 Wall Street
The home to th Oriental Mandarin Hotel at Columbus Circle (Google)
Mandarin Oriental NY majority stake sells for $98M
Mandarin Oriental NY majority stake sells for $98M
Midtown DoubleTree sells at staggering loss
Midtown DoubleTree sells at staggering loss
Midtown DoubleTree sells at staggering loss
6R Capital Realty's Shai Shamir with 70-74 Warren Street (left) and 80-88 West Broadway (IAC, Google Maps)
As Brack Capital shutters in NY, former CEO bets on Tribeca
As Brack Capital shutters in NY, former CEO bets on Tribeca
45 West 81st Street (Google Maps)
Shuttered Excelsior Hotel sold for $80M
Shuttered Excelsior Hotel sold for $80M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...