Magna Hospitality Group | The Real Deal New York

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Magna Hospitality Group

300 Centerville Road, Suite 300 East
Warwick, NY

02/27/18
...itself from rivals like Hersha Hospitality Trust and Magna Hospitality Group by exclusively employing union workers — a move that puts it in a category with...

...itself from rivals like Hersha Hospitality Trust and Magna Hospitality Group by exclusively employing union workers — a move that puts it in a category with...

08/21/17
...is funding the deal with a $65.4 million loan. Magna Hospitality Group, which paid $83 million to acquire the property in 2012, is the seller. The 81,000-square-foot, 25-story...

09/20/16
...estate investment trust, bought the three parcels from Magna Hospitality Group for $302 million. At the time, initial annual rents under the leases totaled about $14.9 million...

05/06/16
...in late 2014 from the national hotel owner/operator Magna Hospitality Group. Magna had paid $36.5 million for the property in 2005, then created a 99-year leasehold on...

10/20/14
...Indeglia Rhode Island-based hotel investment and management firm Magna Hospitality Group just sold two Midtown hotels for a total of $135.2 million, according to property records...

09/29/14
...Indeglia Rhode Island-based hotel investment and management firm Magna Hospitality Group acquired a 13-story Hampton Inn near John F. Kennedy International Airport in Jamaica for...

07/14/14
...Hotel, paid the $43 million in early July to Magna Hospitality Group for the vacant 20,010-square-foot lot at 505-513 West 43rd Street, records made public today...

03/31/14
...commercial building at 12 Water Street to Rhode Island-based Magna Hospitality Group for $44.3 million...

03/26/14
...also known as 12 Water Street, to Rhode Island-based Magna Hospitality Group for $44.3 million, as The Real Deal reported. -- Mark Maurer...

03/19/14
...Manhattan. Chang sold the property to Rhode Island-based Magna Hospitality Group for $44.3 million on Friday, he confirmed to The Real Deal, and subsequently filed plans...

02/04/14
...property upgrades. With NGKF, Ota recently represented the Magna Hospitality Group...

01/22/14
...it inked a deal for 15,700 square feet at Magna Hospitality Group’s Sheraton Hotel in Tribeca at 370 Canal Street, as The Real Deal reported. --...

12/24/13
...it inked a deal for 15,700 square feet at Magna Hospitality Group’s Sheraton Hotel in Tribeca at 370 Canal Street, as The Real Deal reported. A...

08/21/13
...square feet on the lower level of the Magna Hospitality Group’s Sheraton Hotel in Tribeca, according to Newmark Grubb Knight Frank, which represented the...

01/04/13
...completed in spring 2014. As The Real Deal reported, Magna Hospitality Group purchased the lot in March 2008 for $10.8 million, but their plans for developing a hotel...

11/01/12
...acquired the vacant lot from an entity called Magna Hospitality Group for $7.75 million in March, according to city records. Magna had purchased the property in...

07/23/12
...Square, in a joint venture with minority partner Magna Hospitality Group. El-Gamal, CEO of Soho Properties and the developer of the proposed Islamic cultural center...

02/28/11
...company in New York, according to PropertyShark.com. Magna Hospitality Group was the seller. Magna, a Rhode Island-based hotel investment company, had purchased the Midtown...

11/07/08
...th Street, and 15 others for clients such as Magna Hospitality Group, Gemini Real Estate Advisors and the Lam Group. He also designs residential and commercial...

11/07/08
...th Street and 15 others for clients such as Magna Hospitality Group, Gemini Real Estate Advisors and the Lam Group. He also designs residential and commercial...

10/27/08
...at Rhode Island-based hotel management and development firm Magna Hospitality Group, the records showed. Magna has bought at least six other McSam hotels in the...

10/20/08
...of its New York development sites to the Magna Hospitality Group, a small hotel investment and management firm that is not that well known to...

...of its New York development sites to the Magna Hospitality Group, a small hotel investment and management firm that is not that well known to...

...site in 2006. The Rhode Island hotel development company Magna Hospitality Group bought the 74,000-square-foot site at was at least the fifth hotel site Chang has...
  • 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 60 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 63,300,000
  • Event Sales
  • Address 231 East 43th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 71,900,000
  • 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 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 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 125 Flatbush Avenue Ext
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 10,800,000
  • 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).
  • 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 505-513 West 43rd Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 42,000,000
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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