The Real Deal New York

Kash to convert Midtown alumni club to extended-stay hotel

September 18, 2013 05:53PM


24 East 39th Street and Shlomo Bakhash

The Kash Group is closing the chapter on the Williams Club as an events venue and lodging space for Williams College alumni. Instead, it will become an extended-stay hotel.

The firm plans to pump $11 million into the conversion at 24 East 39th Street in Midtown East. The hotel will have 33 rooms that can each be rented for at least 30 days at a time. Most of the rooms will come with full kitchens. Las Vegas-based Warner Hospitality will be managing the hotel — the company’s first in the New York area.

“We believe the extended stay market is under-served,” Shlomo Bakhash, president of Kash Group, told Crain’s.

Bakhash purchased the 30,000-square-foot site for $9 million in June 2012, then tried to flip it the following month, as previously reported. [Crain’s]Mark Maurer