Concord Hospitality

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$20.2 million* – hotel 100%; Manhattan 100%, Bronx 0%

1739th largest portfolio by dollar value

55,411 sqft – hotel 100%;

2719th largest by SF

Buyer company: 1 for $48.4 million

Borrower company: 1 for $32.5 million

Robert Chun (1), Gregory Weingart (1)

• Concord Hospitality borrowed $32.5 million from Western Alliance Bank for 123 West 28th Street, Chelsea, Manhattan on March 23, 2023.

• Robert Chun sold 123 West 28th Street, Chelsea, Manhattan for $48.4 million to Concord Hospitality on March 23, 2023.

• Concord Hospitality sold 30 West 46th Street, Midtown, Manhattan for $88.5 million to Magna Hospitality Group on October 06, 2021.

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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