Who Owns the Row Hotel NYC? A Tale of Twists and Turns
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| Who Owns The Row Hotel Nyc |
A Hotel with a Checkered Past
You'd think owning a hotel in the heart of New York City would be a walk in the park, right? Think again. The Row Hotel NYC has had more owners than a cat has lives. It’s like a real-life game of hotel monopoly, but with way less fun and a lot more legal jargon.
Let's break it down. Once upon a time, there were these guys called the Chanin brothers. They were the original hotel bosses, but they got tired of the hospitality game and sold it to some other folks. Fast forward a few decades and we have the Milstein family, who gave the hotel a fancy makeover and renamed it the Milford Plaza Hotel. It was like a before-and-after makeover show, but with better beds.
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The Rockpoint Group and Highgate: A Match Made in Hotel Heaven?
Then came the Rockpoint Group and Highgate, who bought the place in 2011 and rebranded it as the Row NYC. These guys seemed like they had their act together, but appearances can be deceiving. More on that later.
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Now, here's where things get juicy. The hotel has been in and out of financial trouble. There have been defaults, disputes, and even a foreclosure. It's like a never-ending soap opera, but with less drama and more money involved.
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Oh, and did I mention that the hotel has been used as a migrant shelter? Yep, you read that right. So, while you might be wondering who actually owns the place, the more pressing question might be: who's running the place?
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The Row Hotel: A Hotel on the Market
As if all this drama wasn't enough, the hotel is currently up for sale. It's like a big, fancy house that everyone wants to live in, but no one can quite afford. The asking price? A cool $350 million. That's enough to buy your own small island, or maybe just a really, really expensive apartment in New York.
So, to answer the burning question: Who actually owns the Row Hotel NYC? Well, it's complicated. There's a group of investors led by Highgate and Rockpoint Group who have a long-term lease, and then there's another group led by David Werner who owns the land underneath the hotel. It's like trying to figure out who owns the cake when you're only allowed to eat the frosting.
How to...
- How to book a room at the Row Hotel NYC: Well, you might want to check if it's still open for business first. Things are a bit uncertain at the moment.
- How to buy the Row Hotel NYC: You'll need a pretty hefty bank account, a good lawyer, and a lot of patience.
- How to survive the drama surrounding the Row Hotel NYC: Grab some popcorn, sit back, and enjoy the show.
- How to find a hotel to stay in if the Row Hotel NYC is closed: There are plenty of other hotels in New York City. Just don't expect the same level of drama.
- How to avoid getting caught up in a real estate drama: Maybe stick to renting for now.
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