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Manga Buys Chelsea Hotel for $50M | Real Estate News
Manga Hotel Group just splashed fifty million bucks on a Chelsea hotel—yes, that’s $316K per room—with their second NYC acquisition in the bag. They’ve already got a SoHo property under their belt, showing they’re building a serious New York footprint. The Chelsean, opened in 2001, could be flipped to apartments someday—though they’ve kept it residential so far. With hotel deals surging and owners cash-strapped, Manga’s move signals confidence in NYC’s hospitality market—and this one might be just the start. Listen in comfort:Get a discount on a Soli Pillow…
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