Deal sheet    Single Deal
15 West 45th Street|Sales|02/20/2011
  • Event Sales
  • Address 15 West 45th Street
  • Square feet 44,836
  • Price $ 43,870,000
  • Price per foot $ 978.45
  • Borough Manhattan
  • Neighborhood Grand Central
  • Publication Date 04/01/2011
The Holiday Inn Express sold for $43.87 million. Magna Hospitality Group, a Rhode Island-based hotel investment company, had purchased the Midtown property from the McSam Hotel Group in 2005 for $36.5 million. The property was the city's first Holiday Inn Express, and represented the first major deal in New York City for Magna.