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$115M Delmonico Sale Closes

NEW YORK CITY-Despite recent reports that the deal was headed south, Donald Trump yesterday walked away with the keys to the 31-story Hotel Delmonico in a $115-million deal that went off without a hitch.

By Michael Gilliard and Glen Thompson | Updated on February 08, 2002

NEW YORK CITY-Donald Trump yesterday closed the $115-million acquisition of the Hotel Delmonico, giving the lie to a rash of recently published reports saying the deal to buy the trophy property was in doubt.

Mark Gordon, managing director and head of New York-based Sonnenblick-Goldman Co.’s international lodging and leisure group, advised the seller in the transaction. Trump won the bid from a short list of four potential buyers including Aby Rosen and Michael Fuchs; Alan B. Friedberg; and Izak Senbahar and Simon Elias.

“The deal generally summarizes investors’ belief in New York City,” says Mark J. Gordon, managing director and head of Sonnenblick-Goldman’s international lodging and leisure group. “We called for offers on Nov. 15 and we still got 12 offers from highly qualified international buyers. Investors still believe that New York is the global financial center and always will be.”

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