The Strand

New York, NY

33 W. 37th St., New York, NY 10018

Acquisition Date: 2016

Partnered with a leading global hospitality company to acquire and convert an existing hotel into vacation ownership units

Project description:

• Located between Fifth Avenue and the Avenue of the Americas
• Built and opened in 2009, the Property was a boutique hotel and includes 177 units (which will be converted to vacation ownership), an arrival lobby, rooftop bar with a retractable roof and photo-worthy views of the Empire State Building, restaurant, kitchen, fitness center, and conference center rooms

Status: In operation; profitability monetized in 2019/2020