Shamin Hotels Purchases First Property in New York City

New York City is acquiring Virginia-based hospitality investor Shamin Hotels. In a deal made last week, Shamin purchased the Hampton Inn hotel in the Financial District from Hersha Hospitality Trust for $32.4 million.

The seven-story hotel at 32 Pearl Street near Battery Park originally sold to Hersha for $28.73 million from hotelier Sam Chang in 2011, when the company expanded to NYC. Architect Gene Kaufman designed the new structure, and $4.5 million was spent to convert the Art Deco apartment building into a hotel.

According to the hotel’s website, guests can “enjoy proximity to Wall Street and some of the world’s largest business headquarters as well as the historic South Street Seaport district and the 9/11 Memorial Site. Located within steps of Battery Park, the hotel offers a great location for visiting the Statue of Liberty and the Ellis Island Immigration Museum.” [1]

[1] http://hamptoninn3.hilton.com/en/hotels/new-york/hampton-inn-manhattan-downtown-financial-district-NYCMNHX/index.html

Follow us on social media for the latest updates in B2B!

Image

Latest

career
Closing the Education-to-Employment Gap: The Rise of the Career Center as Campus Infrastructure
April 28, 2026

Higher education is under mounting pressure to prove its value. As student debt, shifting demographics, and employer expectations reshape the landscape, institutions are being forced to rethink how they prepare students for life after graduation. At the same time, new data shows a sharp rise in internship-to-full-time hiring, with recent cohorts converting at their…

Read More
leadership
Called to Lead: Joel Allison on Faith, Risk, and the Future of Healthcare Leadership
April 27, 2026

Healthcare leadership is being redefined in real time. With the rise of AI, mounting financial pressures, and workforce burnout, executives today are operating in an environment of continuous disruption and uncertainty. In fact, industry leaders now rank workforce shortages and digital transformation among their top concerns—forcing a new kind of leadership that blends decisiveness…

Read More
modern AI architecture
A Practical Guide to Modern AI Architecture, Workflow-First Thinking, and Scalable Business Value
April 24, 2026

Artificial intelligence has already moved beyond the hype cycle and into the day-to-day reality of business operations. Companies across industries are rushing to integrate AI into their workflows, but many are running into the same challenge: it’s relatively easy to build something that works in a demo, and much harder to make it reliable…

Read More
farm
The Business Case for AgTech: Better Data Is Key to Managing Risk on the Farm
April 23, 2026

Farming is under more pressure than it’s been in years. Costs are rising, prices are unpredictable, and every decision carries more weight than it used to. What many still think of as a traditional industry is quietly evolving, with more farmers turning to digital tools to manage risk and stay competitive. It’s not about chasing…

Read More