Claremont Companies buys Soho Marriott for $59M

Property at 181 Varick Street is a Courtyard by Marriott

TRD New York /
Nov.November 18, 2019 12:50 PM
181 Varick Street (Credit: Google Maps)

181 Varick Street (Credit: Google Maps)

Claremont Companies has purchased a Marriott in Soho for $59.35 million, according to property records.

The Massachusetts-based firm bought the hotel from an LLC that lists Hok Kit Lou as its managing member. The building, at 181 Varick Street, is 19 stories tall and about 52,000 square feet.

Claremont Companies and Marriott did not respond to requests for comment.

Last month The Real Deal reported that the five boroughs have a swollen pipeline of hotel projects and revenue in the city’s hotel market has been moving in the wrong direction.

In September, Claremont Companies sold a Marriott-branded hotel in Pompano Beach, Fla., for $44 million. Earlier in the year a group of investors led by Madison Capital bought a Soho office building at 130 Prince Street for about $206 million.


Related Articles

arrow_forward_ios
Alex Sapir and the NoMo Soho hotel at 9 Crosby Street (Credit: NoMo SoHo)

Sapir Corp.’s stock drops in Tel Aviv

Sam Chang and 40 West 45th Street (Credit: Google Maps)

Sam Chang hit with $2M suit over Club Quarters hotels

The LaLanne exhibit at The Real Deal’s event in October

Michael Shvo to unveil tropical gardens with LaLanne exhibit at the Raleigh in Miami

Rendering of the Staybridge Suites at 38-59 11th Street

Long Island City hotel project moves forward with construction loan

Optera Capital's Glenn Alba, AWH Partners' Russ Flicker and a rendering of 88 Schermerhorn Street

Downtown Brooklyn is getting another Hilton

Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

(Illustration by Andrew Colin Beck)

How much are NYC hotels hurting?

461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)

David Marx lands $202M refi for Hudson Yards hotel

arrow_forward_ios
Loading...