Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 4, 2020

UK’s billionaire brothers reportedly acquiring Surrey Hotel in New York City

UK’s billionaire brothers David and Simon Reuben are reportedly acquiring five-star Surrey Hotel in Manhattan, New York City.

UK’s billionaire brothers David and Simon Reuben are reportedly acquiring five-star Surrey Hotel in Manhattan, New York City.

Citing people familiar with the matter, Bloomberg reported that the deal is set to take the value of this upscale 189-room hotel at less than the $215m asking price.

The Reubens reportedly intend to appoint a hospitality management company to operate the hotel, which is owned by Denihan Hospitality Group.

Located near Central Park, the hotel is a recreation of the original 1926-built Surrey, which has hosted several celebrities.

This year, the Reuben brothers reportedly bought a retail condo from SL Green Realty in Manhattan for about $170m.

The brothers are also said to be in talks to acquire a prominent location on Rodeo Drive, which is a shopping place in Beverly Hills.

Content from our partners
Untapped: How Turks and Caicos is primed for tourism investment
Untapped: How Turks and Caicos is primed for tourism investment
LG smart hospitality solutions in a post-COVID era

The spokesperson for Denihan Hospitality Group and a representative for the Reubens refused to comment on the development, reported the news agency.

Recently, the Reubens were involved in three financing deals worth over $300m. This included acquiring the mortgage of Miami-based St. Regis Bal Harbour Resort besides a stake in a senior loan linked to the St. Regis Chicago.

The brothers also bought a holding in the senior mortgage over Las Vegas-based The Drew Hotel, the source told the news agency.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU