180 Orchard Street|Sales|05/22/2011 | TRD Research
Deal sheet    Single Deal
180 Orchard Street|Sales|05/22/2011
  • Event Sales
  • Address 180 Orchard Street
  • Price $ 46,000,000
  • Borough Manhattan
  • Neighborhood Lower East Side
  • Publication Date 07/01/2011
notes
The property sold for $46 million. BCRE will own 51 percent of the shares in the joint venture, while IHG will own the remaining 49 percent. The buyers plan to develop a 290-room Hotel Indigo on the site with a retail component.