Ace Hotels Brooklyn bound

Ace Hotels could be going south, to Brooklyn. The Daily News citing The Commercial Observer reports that GFI Capital Resources is nearing a deal to open an outpost of the boutique hotel chain blocks from the Barclays Center.

“Obviously if Ace Hotel is interested in Downtown, we’d be thrilled to have them,” said Tucker Reed, president of the Downtown Brooklyn Partnership. “We think the market is vastly underserved when it comes to hospitality and nightlife options still.”

Allen Gross, the president and CEO of GFI Capital Resources — which developed Manhattan’s Ace Hotel in 2009 — acquired a site at the corner of Schermerhorn and Bond streets with equity partner Spruce Capital, according to the report.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The hotel will join other hotels coming to the neighborhood, including a soon-to-open Hampton Inn and an under-construction Even Hotel.

 

Read more on

Suggested Articles

Hyatt Hotels Corporation hailed Q2 recovery in China and South Korea, but added that demand was building more slowly elsewhere.

While sharing the company's first-half results, Chairman & CEO Sébastien Bazin announced a €200 million cost-saving plan.

San Diego Mission Bay Resort officially reopened after completing a $32 million total reimagination and renovation.