The Real Deal New York

Investors make offers on Toby Moskovits’ Williamsburg Hotel: report

Highest bids price the property at $135M
March 14, 2019 04:45PM

Toby Moskovits and the The Williamsburg Hotel at 96 Wythe Avenue

The Williamsburg Hotel might get a new owner.

Two companies, including Brookfield Property Partners, have made offers on Toby Moskovits’ eight-story, 150-key hotel, according to Commercial Observer. The highest offer prices the property, at 96 Wythe Avenue, at $135 million.

There is no formal bidding process taking place, and Moskovits has said she is not looking to sell the hotel.

Moskovits’ company Heritage Equity Partners bought the site for $4.85 million in 2012, and Benefit Street Partners provided it with a $68 million loan in 2017. [CO] — Eddie Small