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Posts Tagged ‘Hotel’

Gencom Comes for NYC’s Luxury Hotel Crown

Gencom planted another flag along Central Park South.The Miami-based investor paid about $320 million for the 253-key Ritz-Carlton Central Park South at 50 Central Park South, adding a third Manhattan hotel to a rapidly expanding local portfoli...

See LA’s 2025 Top Hotel Deals

As Pebblebrook Hotel Trust chairman and chief executive Jon Bortz previously told The Real Deal, “L.A. is a difficult market to sell in today due to unfriendly government policies and the lagging impact from the fires, strikes, ICE, National ...

Sapir Corp Files for Insolvency, Sells Nomo Soho Hotel

Alex Sapir’s Sapir Corp has filed for insolvency, saying it can no longer meet its bond payments or cover operating costs.The Israeli company that owns the Nomo Soho hotel in Manhattan filed a petition in Tel Aviv-Jaffa District Court request...

Boutique Hotel Pitched for Allen Street Amid Dry Pipeline

Manhattan may soon get what has become an increasingly uncommon sight: a ground-up hotel.Harlem-based developer Artifact filed plans for a nine-story, 40-key hotel at 23-27 Allen Street on the edge of Chinatown and the Lower East Side, accordin...

Nimes Real Estate Gets Peachtree Group Hotel Financing

A boutique hotel in Burbank is headed for a makeover after securing crucial funds. Nimes Real Estate will receive $55 million of bridge financing to recapitalize the Hotel Amarano Burbank-Hollywood, Commercial Observer reported. Beverly Hills-...

Aya Picks Up Cassa Hotel in Midtown for $55M

Aya New York is making a bold play in Midtown Manhattan.Aya Acquisitions is scooping up the Cassa Hotel for $54.7 million after years of financial turbulence surrounding the property, the Commercial Observer reported.The co-living company, thro...