Commercial Observer Azora Exan has paid $47.9 million, or $748,437/room, for the 64-room hotel at 1149 Broadway in the Flatiron section of Manhattan. The U.S. arm of European real estate investor Azora acquired the property from Premier Equities of New York. The hotel last changed hands for $40.3 million in 2019, after its former owner […]

The post Azora Exan Pays $47.9Mln for 64-Room Hotel in Manhattan’s Flatiron Section appeared first on Commercial Real Estate Direct.