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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...
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...
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 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...