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

diversity equity
The Key to Increasing Profits? Integrating Diversity and Equity into Recruitments, Promotions and Retention
February 27, 2024

How can organizations truly integrate diversity, equity, inclusion, and belonging (DEIB) into their core operations to not only foster a sense of community but also enhance performance and profitability? Geoffrey M. Roche, Director of Workforce Development (North America) at Siemens Healthineers, brings a wealth of experience in leadership, education, culture, and workforce transformation, emphasizing […]

Read More
Risk management and employee well-being
Merging Risk Management with Employee Well-Being is the Secret to Unlocking Workplace Potential
February 27, 2024

In today’s rapidly evolving business landscape, the convergence of risk management, business insurance, and employee benefits has emerged as a critical focal point for organizations aiming to foster a resilient and thriving workforce. This intersection of risk management and employee well-being addresses not just the physical assets of a company but extends to the […]

Read More
Residential
Draper At Home Announces Residential Sales Director
February 27, 2024

(Spiceland, Ind.) – Draper At Home has announced the appointment of a Director of Sales — Residential. Chris Sitarov will be responsible for Draper At Home Regional Residential Sales Managers throughout the United States. Sitarov joined Draper in 2019 as the Architectural Regional Sales Manager for the Mid-Atlantic states and was most recently Director of […]

Read More
AI In School Safety
Proactively Protecting Schools with Intelligent AI
February 27, 2024

In today’s episode of School Safety Today by Raptor Technologies, Michelle Dawn Mooney sat down with Matias Klein, Founder & CEO of Kognition AI. During the conversation, they discussed leveraging artificial intelligence to enhance security in educational settings. Matias shares his journey from aspiring healthcare professional to tech entrepreneur, emphasizing the role of AI […]

Read More