Private equity firm Westbrook Partners paid $60 million earlier this month to pick up Brooklyn Heights’ Standish Hotel, a 1903 Beaux Arts-lodge-turned-luxury-rental that is reportedly eyeing a condo conversion, city records show.
Westbrook declined to comment, but public records show the company paid $60 million for the 12-story building overlooking the Brooklyn Heights Promenade with views of the city.
The Watchtower Society of The Jehovah’s Witnesses sold the building at 169 Columbia Heights for $50 million in 2007 to the Boston-based Taurus Investment Holdings, which converted it into 94 luxury apartment rentals shortly thereafter.
The new ownership is reportedly considering a condo conversion.
Elsewhere in Brooklyn, Westwood reportedly proposed building a 95-unit residential project at 223 North 8th Street in Williamsburg last summer after selling off a four-building rental portfolio in Manhattan for $600 million.