Downtown Brooklyn Is Getting an Ace Hotel


GFI Capital Resources is in the throes of sealing a deal with the Ace Hotel to open in downtown Brooklyn close to the Barclays Center. GFI Capital told the Commercial Observer that it has closed on a number of small properties on Bond Street near Schermerhorn with its equity partner, Spruce Capital.

An LLC buyer paid $2,000,000 for several empty lots on that corner, including 61 Bond Street, pictured above, in December in a deal that we suspect is related. Two other hotels are already rising on Schermerhorn, including an EVEN Hotel at Nevins and a Holiday Inn at 300 Schermerhorn. The president and CEO of GFI Capital is also a partner in the Ace Hotel New York, the one that’s located at 20 West 29th Street in Manhattan.

Do you think this would be a good addition to the neighborhood?

Ace Hotel Likely Coming to Downtown Brooklyn [NY Observer]
Photo by Nicholas Strini for PropertyShark

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