Magna Hospitality buys Hampton Inn near JFK for $41M

13-story hotel in Jamaica sold for the first time since opening in 2001

New York /
Sep.September 29, 2014 05:20 PM

Rhode Island-based hotel investment and management firm Magna Hospitality Group acquired a 13-story Hampton Inn near John F. Kennedy International Airport in Jamaica for $41.4 million, according to property records filed with the city today.

The nearly 115,000-square-foot property at 144-10 135th Avenue, near 145th Street, holds 216 rooms. An affiliate of Wayne, Pa.-based Field Hotel Associates has owned the site since 2001, when the hotel opened there.

It is unknown if brokers were involved in the deal. Magna declined to comment.

Magna is best known in New York City for its many dealings with Great Neck, N.Y-based hotel developer Sam Chang, who sold a property at 12 Water Street in Lower Manhattan to the firm for $44.3 million in March, as The Real Deal reported.

In 2008, Magna bought a Hampton Inn at 59 West 35th Street in Midtown from Chang.


Related Articles

arrow_forward_ios
79 Clifton Place, 80-01 37th Avenue, 45 East Mosholu Parkway North (LoopNet, Google Maps)
Residential dealmakers storm city’s investment sales market
Residential dealmakers storm city’s investment sales market
Sam Chang unloads two hotels as selling spree continues
Sam Chang unloads two hotels as selling spree continues
Sam Chang unloads two hotels as selling spree continues
Sam Chang and 525 Eighth Avenue
Sam Chang unloads Garment District hotel
Sam Chang unloads Garment District hotel
Bolivar Development's Peter Fine and 401 West 218 Street. (Google Maps)
10 biggest new project filings in NYC
10 biggest new project filings in NYC
338 West 39th Street and Sam Chang (Photo via Google Maps)
Sam Chang sells Garment District hotel site for $32M
Sam Chang sells Garment District hotel site for $32M
Sam Chang and 140 West 28th Street (Gene Kaufman Architects)
Sam Chang sells hotel in Chelsea for $147M
Sam Chang sells hotel in Chelsea for $147M
Sam Chang and TownePlace Suites by Marriott at 324 West 44th Street (Google Maps)
Hotelier Sam Chang’s businesses snagged millions in PPP loans
Hotelier Sam Chang’s businesses snagged millions in PPP loans
Scott Rechler and clockwise from top left: 2455-2457 Third Avenue, 150 West 48th Street and 42-11 9th Street (Credit: Google Maps, Getty Images)
RXR’s Long Island City development was the biggest new project filed in December
RXR’s Long Island City development was the biggest new project filed in December
arrow_forward_ios

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

Loading...