Thursday, 3 May 2018

Riff Hotel Chelsea sells for $28M

The site of the Riff Hotel Chelsea has sold for $27.5 million, and the buyer plans to tear down the existing building and replace it with affordable luxury condos, according to sources familiar with the deal. Sal Smeke and Michael Wahba’s Salt Equities sold the hotel, located at the corner of West 30th Street and Eighth Avenue, to a group of investors led by Anthony Hu’s Eastern Star Development. However, Salt will still be keeping […]



source https://therealdeal.com/2018/05/03/riff-hotel-chelsea-sells-for-28m/

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