Login

Hotel in New York's Chelsea changes hands, set for independent rebrand

Manga Corporate buys 158-room Chelsean New York Hotel from Lam Group
The 22-story Chelsean New York Hotel sold for $50 million. The buyer plans to convert it to the independent Toor Hotel brand. (CoStar)
The 22-story Chelsean New York Hotel sold for $50 million. The buyer plans to convert it to the independent Toor Hotel brand. (CoStar)
By Hunter Wilkinson
CoStar Research
June 30, 2026 | 6:12 P.M.

Manga Corporate has acquired the 158-room Chelsean New York Hotel at 160 W. 25th St. in Manhattan's Chelsea neighborhood from Lam Group for $50 million, or $316,456 per room.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE