Madison Avenue Hotel Trades for $32 M.

madhotel Madison Avenue Hotel Trades for $32 M.Take that, Sam Chang!

A budget Madison Avenue hotel (dubbed, appropriately enough, Madison Hotel), has traded for a cool $32 million, according to city records uploaded today.

The hotel, at 62 Madison Avenue, rents out single rooms, with bath and shower and AC, for just $138 dollars a night, doubles for $150.65, and "family rooms" for $163.30.

The buyer, an entity called Madison Hotel LLC, closed on the 11-story building on Aug. 28.