Quadrum Global buys NYC's Williamsburg Hotel for $96 million

Quadrum Global has purchased The Williamsburg Hotel in Brooklyn’s Williamsburg district for $96 million, making it its fourth hotel in New York City. Terms of the transaction were not disclosed. The company is also the owner and developer of Arlo Soho, Arlo Nomad and Arlo Midtown.

The eight-story brick tower opened as The Williamsburg Hotel in 2017, developed by Toby Moskovits and Michael Lichtenstein. In addition to 147 guestrooms, including eight suites, the property has a 6,500-square-foot grand ballroom, a 1,250-square-foot restaurant, a 3,000-square-foot lobby bar and lounge, a water-tower rooftop bar, and a 10,000-square-foot rooftop lounge and pool area with 360-degree views of the Manhattan skyline.

The $96 million purchase comes on the heels of Quadrum Global’s recent development and opening of Arlo Wynwood in November, the first hotel in Miami’s Wynwood neighborhood, and most recently, the opening of Arlo Chicago in April 2023.

“New York City will always remain one of the greatest centers of the world for finance, culture, art, and entertainment,” Oleg Pavlov, founder and CEO of Quadrum Global and Arlo Hotels, said in a statement. “We are extremely excited to establish a greater presence in this city with The Williamsburg Hotel. The property has been part of the district’s vitalization, and we look forward to working with the community and our neighbors to make Williamsburg an even more sought-after destination.”