{"id":1004131381,"date":"2015-11-12T07:26:02","date_gmt":"2015-11-12T15:26:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004131381"},"modified":"2022-12-09T02:36:53","modified_gmt":"2022-12-09T10:36:53","slug":"cim-group-buys-manhattans-martha-washington-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-manhattans-martha-washington-hotel\/","title":{"rendered":"CIM Group Buys Manhattan\u2019s Martha Washington Hotel"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004131383\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-manhattans-martha-washington-hotel\/2241284-martha-washington-hotel-exterior-1-def\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg\" data-orig-size=\"480,291\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2241284-Martha-Washington-Hotel-Exterior-1-DEF\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg?w=480\" class=\"alignright size-medium wp-image-1004131383\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg\" alt=\"2241284-Martha-Washington-Hotel-Exterior-1-DEF\" width=\"300\" height=\"182\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg?resize=300,182 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The Martha Washington Hotel in Manhattan just got a new owner and will soon get a new name\u2013again. CIM Group recently acquired the 256-room lodging destination from Chelsea Hotels, with plans of transforming the property and rebranding it as The Redbury Hotel New York.<\/p>\n<p>CIM, which also snapped up a nice piece of land adjacent to the hotel, has thus far remained mum on the acquisition price. The historic property last changed hands in 2012, when Chelsea Hotels, then King &amp; Grove Hotels, purchased the asset from Rockpoint Group L.L.C. for $116 million.<\/p>\n<p>Located in the Midtown South\u2019s NoMad District, the Martha Washington extends through an entire city block and claims two addresses: 29 E. 29th St., the main entrance, and 30 E. 30th St.\u00a0 The 12-story building first opened its doors in 1903 as a hotel exclusively for women and over the last several years has had more than a few names, going from the Martha Washington to Hotel Thirty Thirty to Hotel Lola to the King &amp; Grove New York Hotel, back to the Martha Washington and now, The Redbury.<\/p>\n<p>The last two months have proven a fruitful acquisition period for CIM. Since September, the company grabbed the 272,000-square-foot L&amp;C Tower office complex in Nashville, and purchased a 290,000-square-foot condominium interest in the 350,000-square-foot office building at 625 N. Michigan Ave in Chicago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIM Group recently acquired the 256-room Martha Washington Hotel in Manhattan with plans of transforming the property and rebranding it as The Redbury.<\/p>\n","protected":false},"author":969,"featured_media":1004131383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21751,1600,21742,10],"tags":[],"class_list":["post-1004131381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-hotel","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIM Group Buys Manhattan\u2019s Martha Washington Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-manhattans-martha-washington-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIM Group Buys Manhattan\u2019s Martha Washington Hotel\" \/>\n<meta property=\"og:description\" content=\"CIM Group recently acquired the 256-room Martha Washington Hotel in Manhattan with plans of transforming the property and rebranding it as The Redbury.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-manhattans-martha-washington-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-12T15:26:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:36:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/2241284-Martha-Washington-Hotel-Exterior-1-DEF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"291\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-manhattans-martha-washington-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-manhattans-martha-washington-hotel\/\",\"name\":\"CIM Group Buys Manhattan\u2019s Martha Washington Hotel - 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