The shuttered Chambers Hotel, a slim 16-story building tucked just off Midtown Manhattan's Billionaires Row, has quietly changed hands for roughly $66 million, according to public property records released Monday. The property at 13-15 West 56th Street, which closed within the past year after operating under the Sonder by Marriott Bonvoy flag, is a rare hotel trade on a block better known for glassy super-tall condo towers. The buyer listed in the filings is Toronto-based investment firm Hennick & Company.
Deal specifics
Property filings and local reporting show the 16-story property sold for about $66.2 million, with the transaction appearing in the city register this week. As reported by Commercial Observer, the seller was Richard Born's BD Hotels and the buyer was identified as Hennick & Company.
Owners and the hotel's recent history
Crain's New York Business reported that BD Hotels bought the site in the late 1990s and that the hotel ultimately closed after management changes at Sonder. Crain's also noted that, at the time of reporting, neither the buyer nor BD Hotels had responded to requests for comment on the deal.
What the sale could mean for Midtown
The transaction lands in a Midtown market that has seen a mix of hotel repositionings and condo conversions in recent years, with prices jumping all over the map depending on the building. Industry data from PwC's Manhattan Lodging Index show hotel sales and price-per-room figures varying sharply by size and service level. That backdrop suggests a smaller, 16-story property like Chambers could be ripe for a fresh hotel concept or a more extensive redevelopment, depending on Hennick & Company's strategy.
Next steps
City land records confirm the deed transfer, and the sale document listing the buyer and purchase price is available in the city's property records. Property records list the deed filing. Industry coverage also notes BD Hotels has been trimming its New York holdings as it focuses on projects in South Florida, as reported by Commercial Observer.
