The Hotel at 341 West 36th St New York NY 10018
Earlier this year
RockBridge Capital buys NYC Hampton Inn for $69.5M as per NY Post
According to the New York Post, Columbus, Ohio-based RockBridge Capital has bought the Hampton Inn at 59 W. 35th St. in New York, without brokers, from Magna Hospitality for $69.5 million. The total price comes out to roughly $476,027 per key for the Empire State Building-located 146-room hotel, which The Post says "is in line with other city hotel sales." According to Alan Assaf, investment manager for RockBridge, the companies have a "prior relationship" and Magna will continue to operate the hotel.
RockBridge is an investment firm focused on the hospitality industry. Since 1992, RockBridge has invested approximately $3 billion through our RockBridge Hospitality Funds and First Mortgage Investment Program in over 300 assets. Our philosophy has been and continues to be to partner with strong hotel operating companies and premium brands to create value for our operating partners and our investors.