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Eurostars buys Chemists Club Hotel in Midtown for $95M
['Elizabeth Cryan']
New York - The Real Deal
A Spanish hotel operator is betting on Manhattan’s hospitality recovery.
Barcelona-based Eurostars Hotel Company bought the 107-key Chemists’ Club Hotel for about $95 million from Spanish investment firm Azora, sources with knowledge of the deal said.
Spanish hotel chain Meliá Hotels International bought the Nomad Hotel in June for $203 million.
And Israeli firm Fattal Hotel Group bought The Blakely this month for $38.5 million.
New York hotels still employ 12.9 percent fewer workers than before Covid, while visitor volumes remain 2.4 percent below 2019 levels, according to a recent report from the state comptroller.