NEW YORK CITY—Already offering two boutique hotels in Manhattan, the GIT Group has announced plans to drastically increase its hospitality offerings here. The company—which is owned and operated by Benny Bern and Oliver Fajga—is launching plans for up to 20 properties.
The duo is inviting a limited number of new investor partners interested in hotel projects with vast potential and returns in a strong, stable market as the business expands; minimum investment size is $25,000. The next project will be located on 23rd Street between Park and Madison avenues will require an investment of $700,000.
“As the travel business continues to explode in New York, there is tremendous demand for boutique hotels in high-traffic neighborhoods, our area of focus,” says Bern. “For the first time, we are opening the capital to new private investors interested in this growth niche.”.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
