Manhattan’s last hourly hotel finally has a buyer, with all signs pointing towards the historic venue morphing into something decidedly less intriguing: a car dealership.
Hyundai Motor America scooped up the Liberty Inn at 500 West 14th Street for $22.5 million on July 18, securing the highest known sale price per square foot in the trendy Meatpacking District for sellers Edward Raboy and Richard Loring Moss. They had listed the property through the entity Duanco Inc.
Hyundai Motor America has bought the Liberty Inn at 500 W. 14th St., Manhattan’s most famous cheaters’ paradise, for $22.5 million. It’s believed to be the Meatpacking District’s highest-priced building sale on a per-square-foot basis.
The Liberty Inn closed recently, deflating those seeking a safe location for clandestine trysts.
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