Manhattan hotel trades in biggest distressed lodging deal of pandemic
Manhattan’s biggest distressed hotel deal of the pandemic just closed for $175 million. Isaac Hera’s Yellowstone Real Estate Investments...
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Hotel owner says competition, not union deal, led to closure
Earlier this month Blakely Hotel employees ratified their first union contract. A week later the hotel’s owner told them...
Blakely Hotel may shut down, lay off 54 workers
Richard Born’s Blakely Hotel could shut down and lay off 54 employees this spring, according to a notice filed...
Atlas Capital buys Morningside Heights resi building for $72M
Hotelier Richard Born is selling a Morningside Heights building to Atlas Capital Group for $72.2 million in an all-cash...
The Closing: Richard Born
From the March issue: Richard Born co-owns the largest portfolio of independent hotels in New York, with an empire spanning 28 properties and 5,000 rooms in Manhattan and Brooklyn. BD Hotels — which Born founded...
Brokers win $1.2M in six-year-long commission battle
A pair of brokers who were cheated out of commission on a $28 million contract got paid off —...
BD Hotels scores $62M loan to refi the Mercer Hotel
BD Hotels’ Richard Born and Ira Drukier secured $62 million to refinance the Mercer Hotel in Soho, according to...
Sam Chang to buy vacant Koreatown site for $42.5M
Sam Chang is snapping up a vacant Koreatown development site at 292 Fifth Avenue from fellow hotelier Richard Born...
Hotelier Richard Born plans 350-unit residential building in Hell’s Kitchen
Sorry, tourists! Hotelier Richard Born is rolling out the welcome mat for permanent guests with his latest project in...
BD Hotels to bring resi units to Times Square “pod” hotel
The hoteliers behind the trendy Mercer Hotel, Stanhope Hotel and Hotel Élysée are adding a residential concept to their...