'We're Suffering': How Remote Work Is Killing Manhattan's Storefronts nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
Its planned April debut signals how the company will operate in post-Covid urban environments: with boutique offerings in sought-after neighborhoods and little staff.
“The Flatiron-Nomad area is an important sub-market for us to enter, to meet a changing need among customers,” said Rosanelli. Sonder is training only about 10 employees to operate the hotel.
While Premier, which saved the Flatiron Hotel from foreclosure in 2019, might have wished for a paying tenant sooner, “we’re thrilled to partner with Sonder,” said Uzi Ben-Abraham, founding partner of Premier.
“As we enter a new era of travel, we believe Sonder’s flexible, self-service model is the perfect way for travelers to experience New York City,” he added.
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Thor Chairman Joe Sitt, Stefano Ricci CEO Niccolo Ricci and the Miami store. (Getty, Thor, Miami Design District)
A mortgage trustee is suing affiliates of Thor Equities and fashion house Stefano Ricci, as well as Thor Chairman Joe Sitt, over an alleged unpaid loan on a Miami Design District property, with the plaintiff seeking foreclosure or receivership.
At issue is $17 million in an unpaid loan by the Thor affiliate, according to documents filed in Miami-Dade Circuit Court last month. Wellington Trust is the mortgage trustee and plaintiff in the case, and Midland Loan Services is the special servicer for the loan on the property at 118 to 120 Northeast 39th Street, home to a Stefano Ricci store.