ASRR is an Israeli-based real estate company operating worldwide. In the US they purchased an office building in Miami for $13.3 million, a townhouse at 218 Madison Avenue for $18.5 million in 2015 to build a luxury residential building on the site, and Morgans Hotel Group which formerly known Mondrian Soho for $200 million, according to The Real Deal.
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Rotem Rosen and Alex Sapir who also run the Sapir Organization together will keep on working in several sites through other private companies, including a hotel project in Florida and the townhouse on Madison Avenue.
Maariv reported that Rotem Rosen was represented by the law firm of Mark Kasowitz, President Trump’s attorney.