Flatiron site snapped up by hotel group.Vacant land located at 37-39 West 24th Street, between Fifth and Sixth Avenues, zoned for commercial or hotel use, has just traded for $6.6 million to McSam Hotel LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which plans to build a small boutique hotel Boutique hotel is a term originating in North America to describe intimate, usually luxurious or quirky hotel environments. Boutique hotels differentiate themselves from larger chain/branded hotels and motels by providing personalized level accommodation and services / facilities. on the site. Eastern Consolidated arranged the sale representing the seller, and procuring Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
"At a time in Manhattan when more and more hotels are converting to condominiums, my client's strategy is to add to the diminishing di·min·ish v. di·min·ished, di·min·ish·ing, di·min·ish·es v.tr. 1. a. To make smaller or less or to cause to appear so. b. supply of hospitality properties," said Mr. Miller. "This is not the first site he's acquired for that purpose, nor will it be his last." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Ezratty, "Faded Glory Capital decided to seize the day, and market its land when demand for new development sites in Manhattan is at an all-time high." Nathan Shapiro, Esq. acted for Faded Glory Capital in the deal, while Brian G. Wrynn, Esq. acted in-house for McSam Hotel LLC. |
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