Magna Hospitality Group | TRD Research
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Magna Hospitality Group

300 Centerville Road, Suite 300 East
Warwick, NY
  • Event Sales
  • Address 341 West 36th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 81,000
  • Price $ 106,000,000
notes
The REIT manager acquired the 224-key DoubleTree Hilton.
  • Event Sales
  • Address 341 West 36th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 81,000
  • Price $ 106,000,000
  • Price per foot $ 1,308.00
notes
The Singapore-based firm bought its third NYC hotel for $106 million.
  • Event Sales
  • Address 370 Canal Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 158,000,000
notes
The hotel was sold for $158 million, $428,185 per room.
  • Event Sales
  • Address 231 East 43th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 71,900,000
  • Event Sales
  • Address 60 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 63,300,000
  • Event Sales
  • Address 144-10 135 Avenue
  • Neighborhood South Ozone Park
  • Borough Queens
  • Price $ 41,400,000
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 Field Hotel Associates
  • Party 2 Magna Hospitality Group
  • Event Retail Leasing
  • Address 370 Canal Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 15,700
notes
The fitness chain signed a lease for a new location.
  • Event Sales
  • Address 15 West 45th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 44,836
  • Price $ 43,870,000
  • Price per foot $ 978.45
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 Magna Hospitality Group
  • Party 2 Walnut Hill Group
notes
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.
  • Event Sales
  • Address 125 Flatbush Avenue Ext
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 10,800,000
  • Event Sales
  • Address 60 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 20,240
  • Price $ 16,220,000
  • Price per foot $ 801.38
notes
The property sold for $16.22 million. McSam's Sam Chang is also developing a hotel on West 35th Street, a block away.
  • Event Sales
  • Address 231 East 43rd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 38,621
  • Price $ 24,000,000
  • Price per foot $ 621.42
notes
The property sold for $24 million. McSam also sold a development site at 60 West 36th Street to Magna (see below).
  • Event Sales
  • Address 505-513 West 43rd Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 42,000,000
  • Event Sales
  • Building Name 505-513 West 43rd Street
  • Address 513 West 43rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 42,000,000
notes
The 20,000-square-foot lot sold for $42 million. The property is the site of a planned 198-room budget hotel that is not due to be completed until mid-2009.
  • Event Sales
  • Address 370 Canal Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 83,500,000
notes
The future site of a Sheraton Hotel sold for $83.5 million. The hotel, slated to be completed later this year, is the second unfinished hotel that McSam sold to Rhode Island-based Magna Hospitality Group in February; the developer also sold 505-513 West 43rd Street to Magna for $42 million. Additionally, McSam purchased a commercial building at 6-12 Water Street for $27 million and a parking lot at 431 West 33rd Street for $24 million (see below).
Manhattan, 10018
CM-36 LLC
341 West 36th Street is a 81,000 square foot property built in 2007...
Queens, 11436
MHF JFK IV LLC
144-10 135th Avenue is a 114,800 square foot property built in 2001 in...