REBusinessOnline

BOUTIQUE HOTEL OPENS

NEW YORK CITY — Philadelphia-based Hersha Hospitality Trust (HHT) has opened The Nu, a 93-room hotel located inside Boymelgreen Development’s condo project at the corner of Smith Street and Atlantic Avenue in Brooklyn, New York City. HHT purchased an interest in the building for $17.24 million, and has spent an additional $6 million completing the hotel. Rates are expected to range from $200 to $400 per room once the hotel is fully operational.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
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‣ Walker & Dunlop

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