Jane Hotel Sold For $62 Million

Jeff Klein, the founder of luxury hotel group The Joule and The Thompson Hotels, has recently made a significant acquisition in the hospitality industry. According to The Real Deal, Klein has purchased the Jane Hotel in New York City for $62 million.

The Jane Hotel, located in the West Village neighborhood of Manhattan, is known for its unique, vintage style and affordable room rates. It was originally built in 1908 as a residential hotel for sailors and has since undergone several renovations, including a conversion into a hostel in 2008.

Klein's acquisition of the Jane Hotel marks a strategic move for his company, which currently operates hotels in cities across the United States and Canada. The Jane Hotel will join The Joule and The Thompson Hotels as part of Klein's growing portfolio of luxury properties.

It is unclear at this time what changes, if any, Klein has planned for the Jane Hotel. However, given his track record of successfully rebranding and revitalizing hotels, it is likely that the Jane Hotel will undergo some renovations and upgrades under Klein's ownership.

Overall, this acquisition highlights Klein's continued investment in the hospitality industry and his commitment to growing his company's portfolio of luxury properties. It will be interesting to see how the Jane Hotel is transformed under Klein's leadership in the coming years.