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March 29, 2016
Lansing hotel acquired by New York City firm
Asset Manager News | Nontraded REIT
Thursday, 24 March 2016 10:07 | Written by  MiBiz Staff | MiBiz LANSING — An affiliate of a New York City-based investment firm has acquired a hotel in Lansing. The property …

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Thursday, 24 March 2016 10:07 | Written by  MiBiz Staff | MiBiz

LANSING — An affiliate of a New York City-based investment firm has acquired a hotel in Lansing.

The property in question is the Hampton Inn hotel at 900 North Canal Road in Lansing, according to a statement from real estate research firm CoStar Group Inc.

The acquirer, an affiliate of New York City-based Lightstone Value Plus Real Estate Investment Trust III Inc., purchased the 86-room hotel for $10.5 million, or about $122,000 per room.

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