The split between the Chetrit Group, one of New York City’s most powerful real estate families, and boutique hotel brand King & Grove goes much deeper than a deal to transfer the Hotel Chelsea, The Real Deal has learned. [more]
Posts Tagged ‘king and grove’
The saga of the Surf Lodge has generated countless recent headlines, between its hundreds of municipal code citations and a sale to a technology entrepreneur earlier this year. But now, the former owners are blaming a minority investor that allegedly opened a competing restaurant for some of the property’s financial strife.
The former owners have accused King & Grove hotels, the Manhattan-based boutique chain, of mismanaging and misappropriating funds from the Montauk hotspot before launching a rival hotel-restaurant called Ruschmeyer’s. [more]
King & Grove has added the Hotel Lola on East 29th Street to its growing portfolio, Hotel Chatter reported without a known price. The hotel is the firm’s flagship property and began operating under the name King & Grove New York. [more]