Meliá Acquires INNSiDE by Meliá New York NoMad for $203M

Meliá Hotels International has finalized the acquisition of the INNSiDE by Meliá New York NoMad hotel, a 313-key asset located in NoMad, Manhattan. The transaction was closed with Artimus Construction (Eytan Benyamin) for an amount of $203M.

Transaction details: total price, $203M · price per key, $648,562 · price per square foot, approximately $1,379/SF ($14,842/m²) on ~147,220 SF (~13,677 m²) built · 313 keys.

Parties: buyer, Meliá Hotels International · seller, Artimus Construction (Eytan Benyamin).

History: The building dates back to 2016, operates under the Innside by Meliá brand, and is managed by Meliá Hotels International, S.A.

Analysis: This acquisition allows Meliá Hotels International to consolidate its position in the NoMad submarket of Manhattan, strengthening its INNSiDE brand in a strategic location. The transaction reflects continued interest in prime hotel assets in key urban markets.