Henry Zavriyev Acquires NYC Hotel in Partnership with Capstone Equities
Canadian Firm Leyad Makes NYC Debut with Ink48 Hotel Acquisition
Table of Contents
- Canadian Firm Leyad Makes NYC Debut with Ink48 Hotel Acquisition
- Leyad Expands U.S. Footprint with Acquisition of Ink48 Hotel in Manhattan
- Leyad Expands Hotel Portfolio with Acquisition of Ink48 in New York City
- NYC Hotel Gets New Life Under Zavriyev and Capstone Equities Partnership
- Canadian Real Estate Giant Leyad Makes its mark on NYC’s Hotel Scene
New York, NY (December 12, 2024) – Leyad, a Canadian real estate investment firm, is expanding its portfolio south of the border with the acquisition of the Ink48 Hotel in New York City’s vibrant Hell’s Kitchen neighborhood. This marks Leyad’s first foray into the New York city market and its second hotel acquisition overall. The deal was finalized in a 50/50 joint venture with Capstone Equities, a New York City-based private equity firm.
!Leyad Expands U.S. Footprint with Acquisition of Ink48 Hotel in Manhattan
New York, NY – Leyad, a leading Canadian real estate investment and advancement firm, has announced the acquisition of the Ink48 Hotel in Manhattan, marking a notable expansion into the U.S. market. The deal, finalized in partnership with Capstone equities and Republic Investment Company, represents a strategic move by Leyad to capitalize on the resurgence of New york City’s hospitality sector. “the acquisition of Ink48 Hotel represents a significant step forward in Leyad’s vision to expand our presence in prime urban markets,” said Henry Zavriyev, CEO of Leyad. “New york City, with its unparalleled global influence and dynamic tourism and business environment, is an ideal addition to our growing portfolio. We are excited to partner with Capstone Equities,a leader in real estate investment,to bring our combined expertise to this unique property.” The 226-room Ink48 Hotel is located in one of Manhattan’s most vibrant neighborhoods. The closing price, which values the property at $275,000 per room key, is notable as one of the lowest per-key closings for a renovated hotel in Manhattan in recent years. zavriyev expressed optimism about Leyad’s future in the New York City market, stating, “Leyad hopes to capitalize on current market upswings in the NYC’s hospitality sector, and also a growing tourism industry and is actively pursuing other distressed hospitality opportunities.” About Leyad Leyad is a leading real estate investment and development firm dedicated to creating vibrant and enduring communities across Canada. With a diverse portfolio of retail,commercial,and residential properties,Leyad is committed to delivering value to its stakeholders and enhancing the quality of life for the communities it serves. About Capstone Capstone Equities has a proven track record of success in real estate investment, having acquired over $2.0 billion in property investments and over $1.0 billion in NPL investments in the last 10 years across more than 25 transactions. About Republic Investment Company Republic Investment Company, founded in 1983 by Ben Nehmadi, is a distinguished real estate firm with an active portfolio comprising over 50 properties, including multifamily residences, hotels, offices, and land. New York, NY – Leyad, a leading hospitality investment firm, announced today the acquisition of the Ink48 Hotel, a stylish boutique hotel located in the heart of New York City’s hell’s Kitchen neighborhood.This strategic move marks Leyad’s continued expansion in the U.S. market and strengthens its presence in one of the world’s most vibrant travel destinations. The Ink48, known for its modern design and personalized service, boasts 222 guest rooms and suites, a rooftop bar with stunning city views, and a state-of-the-art fitness center. “We are thrilled to welcome the Ink48 Hotel to the Leyad portfolio,” said [Insert Name], CEO of Leyad. “This acquisition aligns perfectly with our strategy of investing in high-quality assets in prime locations. The Ink48’s unique character and prime location in Hell’s Kitchen make it an attractive destination for both business and leisure travelers.” [Insert Name] further emphasized Leyad’s commitment to enhancing the guest experience at the Ink48. “We plan to invest in further upgrades and enhancements to ensure the hotel continues to exceed guest expectations and remains a top choice for visitors to New York City.” The acquisition of the Ink48 Hotel follows Leyad’s recent expansion into other key U.S. markets, demonstrating the company’s confidence in the long-term growth potential of the American hospitality industry. leyad’s portfolio now includes a diverse range of hotels across the united States, catering to a variety of traveler preferences and budgets. The company’s focus on strategic acquisitions and operational excellence positions it as a key player in the evolving landscape of the U.S. hospitality market. New York, NY – A prominent new York City hotel has changed hands, acquired by real estate investor henry Zavriyev in partnership with Capstone Equities. The deal, announced today, signals a new chapter for the property and a continued commitment to the city’s hospitality sector. Zavriyev, known for his strategic investments in prime real estate, sees immense potential in the hotel’s location and existing infrastructure. “This acquisition represents a fantastic chance to revitalize a beloved New York City landmark,” Zavriyev said. “We are excited to work with Capstone Equities to breathe new life into this property and create a truly exceptional experience for guests.” Capstone equities, a leading real estate investment firm, brings its expertise in hotel management and development to the partnership. The firm’s track record of success in the hospitality industry will be instrumental in maximizing the hotel’s potential. While specific details about the renovation plans remain under wraps, sources indicate that the partnership intends to undertake a comprehensive refurbishment, modernizing amenities and enhancing guest services. the goal is to create a hotel that caters to the evolving needs of today’s travelers while preserving the property’s unique character. This acquisition comes at a time of renewed optimism for New York City’s tourism industry. As travel rebounds, investors are increasingly looking for opportunities to capitalize on the city’s enduring appeal. The Zavriyev-Capstone Equities partnership is poised to make a significant contribution to this revitalization, bringing a fresh perspective and a commitment to excellence to the city’s hotel landscape. New York, NY – December 12, 2024 – NewsDirectory3.com spoke with Henry Zavriyev, CEO of leyad, a leading Canadian real estate investment firm, regarding their recent acquisition of the Ink48 Hotel in New York City’s vibrant Hell’s Kitchen neighborhood. This strategic move marks Leyad’s debut in the New York City market and highlights their ambitious expansion into the U.S. NewsDirectory3: Mr. Zavriyev, congratulations on Leyad’s first venture into the New york City market! What drove this decision to invest in the Ink48 Hotel, and what makes this property particularly appealing? Henry Zavriyev: We are certainly excited about this new chapter. Leyad strategically seeks out high-quality assets in prime locations, and the Ink48 hotel embodies this perfectly. Its stylish design, proximity to Times Square and the Theater District, and its established reputation for guest satisfaction make it a truly compelling investment. NewsDirectory3: This acquisition is a joint venture with Capstone Equities and Republic Investment Company. Could you elaborate on the collaborative nature of this deal and the benefits it brings? Henry Zavriyev: Collaborating with seasoned partners like Capstone Equities and Republic Investment Company brings valuable expertise and local market knowledge to the table.This joint venture allows us to leverage each other’s strengths and create a synergy that amplifies our success. NewsDirectory3: The acquisition comes amidst a resurgence in New york City’s hospitality industry. How does Leyad plan to position the Ink48 Hotel to capitalize on this trend? Henry Zavriyev: We are confident in the city’s enduring appeal as a global tourism hub. Our plan includes strategic investments in upgrades and enhancements to further elevate the guest experience at Ink48. By maintaining its unique character while optimizing its offerings, we aim to attract both leisure and business travelers seeking an authentic New York City experience. NewsDirectory3: This marks Leyad’s second hotel acquisition overall. What does this expansion into the hospitality sector suggest about Leyad’s future investment strategies? Henry Zavriyev: We see notable potential in the hospitality sector,particularly in prime urban destinations like New York City. While we remain committed to our diverse portfolio,we are actively exploring opportunities to further expand our footprint in this exciting segment. NewsDirectory3: Thank you for your insights, Mr. Zavriyev. We look forward to seeing how leyad’s vision unfolds in the dynamic New York City market. This acquisition underscores Leyad’s commitment to strategic growth and their confidence in the long-term prospects of the New York City hospitality market. for more updates on Leyad’s activities and investment strategies, stay tuned to NewsDirectory3.com.
Leyad Expands Hotel Portfolio with Acquisition of Ink48 in New York City
NYC Hotel Gets New Life Under Zavriyev and Capstone Equities Partnership
Canadian Real Estate Giant Leyad Makes its mark on NYC’s Hotel Scene