Ace Hotel on Bowery lands $80M refinancing
A new hotel just landed a new refinancing package. Developer David Paz’s Omnia Group and the Northwind Group secured an $80 million mortgage for the new Ace Hotel on the Bowery, according to sources...
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After legal war, Ace Hotel co-owner sells two 432 Park pads at $60M break-even
An entity tied to Ace Hotel co-owner Stefanos Economou sold two units at 432 Park Avenue for $60 million,...
LA-based firm allegedly swindled regional center out of EB-5 spoils: suit
From TRD LA: A Los Angeles-based firm that specializes in deploying EB-5 capital allegedly shut an Atlanta-based regional center out...
GFI employee says Allen Gross is stiffing him on 5% stake in Ace Hotel
John Saric, a vice president of development at GFI Development, says company boss Allen Gross is trying to cut...
Father of Ace Hotel’s founder accuses COO of fraud, extortion
UPDATED, Oct. 17 at 6:24 p.m.: The trendy Ace Hotel chain is back in court, and this time, the...
Ace Hotel co-owner claims he’s being cut out of the business
The trendy Ace Hotel is a magnet for hipsters and celebrities — and lawsuits, it seems.
Renderings released for long-delayed Ace Hotel at 225 Bowery
Omnia Group and North Wind Group’s hotel conversion at 225 Bowery has seen it shares of partial work stop...
GFI secures $50M financing for Downtown BK hotel
GFI Capital Resources Group secured a $50 million construction loan for a new “lifestyle hotel” it is developing in Downtown...
Legal battle over future of Ace Hotels heats up
The father of the late Ace Hotels founder is duking it out with his son’s former business partner in...
Alexander Rovt planning to build two NYC hotels
Fertilizer billionaire Alexander Rovt wants to build two four-star hotels in New York – one in Manhattan and one...