The long-delayed opening of the new boutique hotel inside Boymelgreen Development’s condo at Smith and Atlantic is going to be put off just a little bit longer. According to a report in last week’s Sun, Pennsylvania-based Hersha Hospitality Trust purchased a “condominium interest” in the 93-room hotel for $17.24 million and is going to spend another $6 million rehabbing finishing the property; Hersha expects to open the hotel in the third quarter and will change its name from The Smith to The Nu. (When we last inquired about the property, both the hotel and condo portions were supposedly going to open in January—can any contract holders tell us what’s going on with closings?) Hersha’s many hotels in New York City include three Manhattan Hampton Inns.
City’s Hospitality Industry Inspires Cautious Optimism [NY Sun]
New Developer To Finish Hotel [Brooklyn Eagle]
Update on the Smith: Retail, Move-Ins Coming [Brownstoner] GMAP