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Lansing hotel acquired by New York City firm

March 29, 2016

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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Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
April 14, 2016

The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.