The Real Deal Two Kings Real Estate has bought the 226-room Holiday Inn Hotel in the Chelsea section of Manhattan for $80.3 million, or $335,309/room. Watermark Lodging Trust sold the property, at 125 West 36th St., which has been struggling financially. The hotel last year operated at a 65 percent occupancy level and $84 of […]

The post 226-Room Holiday Inn in Manhattan Trades for $80.3Mln; CMBS Loan Gets Assumed appeared first on Commercial Real Estate Direct.