202 Centre Street, New York, NY

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Hotel developer the Lam Group sold a limited-service, 33-story Garment District hotel located at 330 West 40th Street to a California buyer for $99.5 million. - See more at: http://therealdeal.com/blog/2009/03/02/garment-district-hotel-sells-for-99-5m/#sthash.nikqPuwL.dpuf
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John Lam, who is one of some eight developers who have expressed interest in bidding on the hotel contract, nevertheless called the location “perfect” because of its future potential. He plans to propose building 1,500 hotel rooms, about 50,000 square feet of office space, and several floors of “hotel-condos” for owners to live in or rent out.
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