Real estate asset management corporation Global Holdings has acquired Mondrian Park Avenue in New York, the US.
Located in Manhattan’s NoMad neighbourhood, Mondrian Park Avenue is a 190-key boutique hotel that boasts a rooftop lounge with indoor and outdoor seating, as well as 350ft² of boardroom space, ideal for meetings, presentations or social gatherings.
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The Rooftop Terrace will serve guests food made using locally sourced ingredients.
The hotel is situated near the Flatiron District and Madison Square Park as well as the signature landmarks of New York such as Macy’s Herald Square, the Empire State Building and Madison Square Garden, among others.
Global Holdings Management Group CEO Jonathan Ofer said: “Mondrian Park Avenue is an extraordinary asset, perfectly located in the heart of Manhattan at a time when tourists and local visitors are flooding back into the city.
“Moin Development did an incredible job converting this property into one of Park Avenue’s best hotels.”
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By GlobalDataPreviously, the company held a senior mortgage loan on the property and now completed the purchase of Mondrian Park Avenue as part of an agreement signed previously with Moin Development.
Its portfolio includes over 120 properties across the world, totalling ten million square feet across residential, hotel and commercial assets, including over 1,500 hotel rooms.
Last month, Global Holdings acquired a mixed-use apartment building, 51 Irving Place, which is located near Gramercy Park in New York.
