Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Alex Sapir’s $205 Million Acquisition of Mondrian Soho Hotel Aproved

Mondrian Soho Hotel

Billionaire real estate mogul Alex Sapir has led a group of investors in the acquisition of New York’s famed Mondrian Soho hotel for $205 million. The group of partners in the deal had the winning bid at an auction to buy the property from Germany’s Deutsche Bank and the sale received final approval in a New York state court on Wednesday.

Located at 9 Crosby Street in Manhattan’s Soho neighborhood, the hotel has 270 rooms. Its services include a 24 hour concierge, a 24 hour front desk, a 24 hour gym, a restaurant and a Bar. It is one of three hotels of that name including one in Los Angeles.

The Mondrian opened in 2011 and went into foreclosure in 2013.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.