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

influencer partnerships
Moving Beyond Social Media Buzz: How Authentic Content & Long-Term Influencer Partnerships Can Drive Hotel ROI
July 30, 2025

Influencer marketing is rapidly changing, and many hotels are still figuring out how to tap into its full potential. As travelers demand more authentic and relatable content, the pressure is on for hotels to adapt their marketing strategies. But with skepticism around the true ROI of influencer partnerships, it’s more important than ever for brands…

Read More
workforce
Building a Future-Ready Workforce: With Traditional Training Models Failing, It’s Time for Employers and Educators to Build Solutions Together
July 30, 2025

In an era where the average job tenure in the U.S. hovers under four years and industries are evolving faster than academic curricula can keep up, the need for a new approach to workforce development has never been more urgent. Companies like Amazon and McDonald’s are responding by investing in “education as a benefit”…

Read More
belief
Learning Out Loud with Belief, Courage, and the Power of Yes
July 30, 2025

In a world where workplace disengagement is on the rise, with global employee engagement falling to just 21% in 2024, leaders and teams are increasingly seeking meaning, connection, and growth in their work. Amid this shift, professionals are asking deeper questions about purpose and fulfillment, both individually and collectively. That’s exactly where Paul Plamondon’s…

Read More
professional advancement
The Measured Mindset: How Mentorship, Curiosity, and Listening Drive Professional Advancement and Growth
July 29, 2025

Not every path into analytics starts with code and spreadsheets. For some, it begins with curiosity, adaptability, mentorship, and a willingness to learn something entirely new. That’s the case for Mayank Malviya, whose journey from a humanities education in India to a career in U.S.-based market research reveals how initiative and mentorship can accelerate…

Read More