Fortuna Realty buys Manhattan Wyndham for $60M

Morris Moinian’s Fortuna Realty Group has acquired the Wyndham Garden Manhattan Chelsea West in New York City's Flatiron District for $60 million.

The hotel joins other Fortuna-owned lifestyle hotels such as the Hotel Hugo, Hotel Indigo Chelsea, Garden City Hotel and Sugar Bay Resort & Spa.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The 124-room property was built in 2008, and was designed by architect Michael Graves. The hotel has 2,185 square feet of ground-floor retail space.

Suggested Articles

The hotel will implement a new, branded mobile app that delivers control to guests and GEMS, a back-office tool that streamlines operations.

The U.S. is now the only region that has yet to turn a positive month of profit since the COVID-19 pandemic took hold.

While occupancy largely was flat week over week during the seven-day period ending Sept. 19, rate and revenue both declined.