After a recent dive into the Financial District, hotel investor Li Hui Lo is making moves in Midtown. Lo’s N.Y. Times Square Hotel Group bought the Wingate by Wyndham Midtown Manhattan for $37.2 million.
Lo closed on the 17-story, 92-room hotel at 235 West 35th Street, one block north of Madison Square Garden, on Nov. 5, according to property records filed with the city Tuesday.
The sellers, Staten Island-based restaurateurs Lisa and Simon Lou, paid $2.6 million for the property in 2003 before spending $20 million to build the hotel in 2005.
The developer acquired the site at 120 Water Street for $15 million in April 2014.