RobertDouglas Advises on the $60,000,000 Sale of the Wyndham Garden Manhattan Chelsea West in New York, NY
RobertDouglas announced today that it advised Gemini 37 West 24th Street MT, LLC, a subsidiary of Gemini Real Estate Advisors, in the sale of the Wyndham Garden Manhattan Chelsea West. The sale was arranged pursuant to a Chapter 11 proceeding and closed on Feb. 29, 2016. The 124 key hotel, located steps from Madison Square Park in the heart of the dynamic Flatiron District, was purchased by Fortuna Realty Group, LLC for $60,000,000, or approximately $485,000 per key, following a lively auction administered by the U.S. Bankruptcy Court for the Southern District of New York.