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Carey Watermark Pays $113M for Chelsea Hotel

Magna Hospitality, Greenfield Ptnrs Sell 226 Room Holiday Inn Manhattan 6th Avenue
By Justin Sumner
CoStar News
June 11, 2013 | 7:21 P.M.

Carey Watermark Investors, Inc. (CWI) has acquired the 226-room Holiday Inn Manhattan 6th Avenue located at 125 W. 26th St. in New York City from Magna Hospitality Group and Greenfield Partners LLC for $113 million, or $500,000 per key.

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News | Carey Watermark Pays $113M for Chelsea Hotel