Chambers Hotel (15 West 56th Street) Acquired by Hennick Group | Real Estate Services M&A Deal

Hennick Group has completed the acquisition of Chambers Hotel (15 West 56th Street), a real estate services other business in New York, for $66.2 million. The 77-room Midtown Manhattan hotel at 15 West 56th Street provides lodging operations and is positioned for continued hospitality management under Hennick Group acquisitions. Hennick Group acquisitions in real estate services M&A align with its broader platform activities in New York acquisitions and strategic acquisition of income-producing assets. The divestiture acquisition is a strategic acquisition by a strategic buyer, valuing the property at about $860,000 per key, with the seller advised by Eastdil Secured.