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    Magna Hospitality Group

    300 Centerville Road, Suite 300 East
    Warwick, NY
    • Event Financing
    • Address 6 Water Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Price $ 66,000,000
    • Publication Date 08/09/2019
    • Event Date 08/08/2019
    • Party 1 Magna Hospitality Group
    • Party 2 M&T Bank
    notes
    The owner secured a loan of $66 million for the Financial District property.
    • Event Financing
    • Address 6 Water Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Price $ 66,000,000
    • Publication Date 08/09/2019
    • Event Date 08/08/2019
    • Party 1 Magna Hospitality Group
    • Party 2 M&T Bank
    notes
    The owner secured a loan of $66 million for the Financial District property.
    • Event Financing
    • Address 6 Water Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Price $ 66,000,000
    • Publication Date 08/09/2019
    • Event Date 08/08/2019
    • Party 1 Magna Hospitality Group
    • Party 2 M&T Bank
    notes
    The owner secured a loan of $66 million for the Financial District property.
    • 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...
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