Hennick & Company pays $66.2M to BD Hotels for hotel in Midtown West

Toronto-based Hennick & Company through the entity 15 West 56th St Inc paid $66.2 million to BD Hotels through the entity BDC 56 LLC for the closed Chambers Hotel building (H1) at 13-15 West 56th Street in Midtown West, Manhattan.
The deal closed on May 5, 2026 and was recorded on May 18, 2026. The property has 54,959 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,204 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for BD Hotels was Richard Born . The signatory for Hennick & Company was Jory Hennick . The contract date was March 21, 2026. In November 1998, BD Hotels purchased the property from the Gottesman family for $5.2 million, according to a PincusCo analysis of the transfer records, borrowing in 1999 $4.25 million. The Commercial Observer reported on the sale yesterday.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Hennick & Company had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller BD Hotels had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Richard Born, head officer and Mike Lidh, agent. The business entities are Sonder Hospitality Usa Inc and Sonder Hospitality Usa Inc. The 54,959-square-foot property generated revenue of $13.6 million or $247 per square foot, according to the most recent income and expense figures.

The property

The hotel building in Midtown West has 54,959 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,025 square feet. The city-designated market value for the property in 2022 is $22.1 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,580 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Midtown West, The majority, or 75 percent of the 75.9 million square feet of commercial built space are office buildings, with hotel buildings next occupying 14 percent of the space. In sales, Midtown West has the 3rd highest sale turnover among other neighborhoods in the city with $4.4 billion in sales volume in the last two years. For development, Midtown West is the 2nd most active neighborhood among other neighborhoods. It had 37.7 million square feet of commercial and multi-family construction under development in the last two years, which represents 50 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 10 of the 23 commercial properties representing 1,113,506 square feet of the 1,557,159 square feet. The largest owner is Lefrak, followed by Prada and then Soloviev Group.
On the tax block, there was one new building construction project filed totaling 383,134 square feet. It is a 80-unit, 383,134 square-foot residential (R-2) building submitted by Solow Realty & Development and filed by Anthony Calicchio with plans filed April 17, 2018 and it has not been permitted yet.

The majority, or 69 percent of the 1.6 million square feet of built space are office buildings, with elevator buildings next occupying 19 percent of the space.

The seller

The PincusCo database currently indicates that Bd Hotels owned at least 17 commercial properties with 156 residential units in New York City with 1,261,622 square feet and a PincusCo-determined asset value of $942.8 million. Within the portfolio, the bulk, or 82 percent of the 1,261,622 square feet of built space are hotel properties, with condo properties next occupying 15 percent of the space.

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