326 West 40th Street|Sales|05/22/2011 | TRD Research
Deal sheet    Single Deal
326 West 40th Street|Sales|05/22/2011
  • Event Sales
  • Address 326 West 40th Street
  • Price $ 112,000,000
  • Price per foot $ 460,000.00
  • Borough Manhattan
  • Neighborhood Hudson Yards
  • Publication Date 07/01/2011
  • Deal Date 05/22/2011
  • Party 2 Gehr Development
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Thomas McConnell, Jared Kelso, Ety Lee
notes
The Four Points by Sheraton Times Square hotel sold for $112 million, or about $460,000 per key. Gehr Development also owns the adjacent Fairfield Inn by Marriott Times Square hotel at 330 West 40th Street, which it acquired in 2009 for $99.5 million, or $408,000 per key.