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Gowanus Inn & Yard at 645-651 Union Street, Brooklyn, Sonder CEO Francis Davidson and Red Pine Principal Michael Federman (Google Maps, Sonder, Federman Steifman)
Short-term rental startup Sonder has inked another hotel lease, this one at its first Brooklyn location.
The company signed a long-term lease for the entire 76-key Gowanus Inn & Yard at 645-651 Union Street,
The Real Deal has learned. Red Pine Capital Partners, which independently owns and operates the hotel, confirmed the news.
San Francisco-based Sonder has in recent years expanded its portfolio into hotel rooms, after having specialized in offering furnished apartments as short-term rentals. In April, the firm said it will go public via a special purpose acquisition company.
Hersha Hospitality Trust Provides Operational Update
globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Hersha Hospitality Trust Provides Operational Update
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Hersha Hospitality Trust sold a Marriott-branded hotel in Coconut Grove for $31 million,
The Real Deal has learned.
The Philadelphia-based hotel real estate investment trust sold the three-building, 140-unit Residence Inn by Marriott to AB Asset Management, led by Getzy Fellig and Sam Zalmanov. The Miami Beach-based buyer plans to upgrade the property at 2835 Tigertail Avenue in Miami and convert it to multifamily, Fellig and Zalmanov said.
AB Asset Management financed the deal with a $27.5 million bridge loan from Harbor Group International, arranged by FM Capital’s Joe Back.
The hotel sold for about $221,000 per unit.
Avison Young’s John K. Crotty, Michael T. Fay, David Duckworth, Brian C. de la Fé, Emily Brais and Berkley Bloodworth represented the seller.