The Breslin Hotel was opened in 1904 and is a 12-story structure with retail on the ground floor. A source close to the deal could not project a renovation cost at this time. The source also could not detail any further information on what the renovation would entail by press time.
The fee interest is owned by the Lillian Goldman Family LLC and the Estate of Lillian Goldman. Acquisition and construction financing of up to $75 million was provided by HSBC Bank USA, National Association and West LB AG, New York Branch. The hotel will be managed by Ace Hotel Group.
GFI was represented by in-house general counsel Alan Schacter and Greenberg Traurig shareholders Robert Ivanhoe, Jonathan Margolis, Steven Shapiro and Allison Rosenberg and associates David Bass and Joshua Hager. Dune was represented by in house general counsel Joshua Eaton and partner Gregory Ressa and senior counsel Steven Stickler of Simpson Thacher & Bartlett LLP. Broadway Breslin Associates was represented by partner Richard Wolloch of Winnie Banta Hetherington Basralian & Kahn PC in Hackensack.
The Lillian Goldman entities were represented by in-house counsel Judith Brener and partner Steven Simkin, counsel Allen Wieder and associates Evelyn Giaccio and Barry Langman of Paul, Weiss, Rifkind, Wharton & Garrison LLP. HSBC was represented by partners Edward Harris Jr., Jonathan Rosenbloom and Lance Levine, and counsel Jeffrey Wendler of Cozen O'Connor. West LB was represented by partner Joshua Stein and associate Joel Omansky of Latham & Watkins LLP. Ace was represented by associate Michelle Gail of McNaul Ebel Nawrot & Helgren PLLC in Seattle.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
