237 Madison Avenue, Manhattan

The Morgans Hotel, which reopened in 1985 and is credited as being a pioneer of the “boutique hotel” era, features 117 well-appointed guestrooms, cocktail bar and lounge, a spacious duplex penthouse suite, and an array of additional full-service amenities. The asset has an unrivaled location on Madison Avenue and 38th Street in Midtown Manhattan is in close proximity to several of New York’s top leisure attractions and corporate office demand. Shel Capital is currently in the process of converting the building to high end residential use.