The bankrupt owner of the NoMo SoHo Hotel in Manhattan has selected an affiliate of Israeli hospitality chain Dan Hotels as the buyer of the boutique property for $125 million.
DH 9 Crosby LLC’s starting bid was chosen after no better offers came in as part of a sale process, hotel owner and operator 9 Crosby LLC told the US Bankruptcy Court for the Southern District of New York in a notice Thursday.
9 Crosby Street filed Chapter 11 in November to implement a liquidating plan funded by the sale of the 26-floor, 264-room boutique hotel. The hotel’s collective bargaining ...