Buyer: Chesapeake Lodging Trust (CHSP)
Project: Holiday Inn 31st Street
Location: 32 West 31st Street - NYC, NY 
Project Type / Scope: Hotel Acquisition Advisory
Price: $52,200,000

 

In 2011, Wildedge provided buy-side acquisition advisory services to Chesapeake Lodging Trust (CHSP), a publicly traded REIT, on its acquisition of the newly constructed 122 room Holiday Inn located in the Herald Square sub-market of New York City on 31st Street between Fifth Avenue & Broadway. Wildedge also coordinated directly with the developers and their representatives to ensure that Chesapeake received all of the requisite materials and approvals so they could complete their acquisition before the end of the 2011 calendar year.

 

Below are some links to the related press releases on this acquisition:

Chesapeake Lodging Trust Acquires Holiday Inn New York City Midtown - 31st Street

Chesapeake Lodging Trust Acquires Midtown Hotel for $52M

Holiday Inn New York City Midtown - 31st Street