Hotel Bossert Deal Closes, Summer Opening Set

The Hotel Bossert sale from the Jehovah’s Witnesses to real estate moguls David Bistricer and Joseph Chetrit closed Friday, The Real Deal reported. The amount of the sale was $81 million, not $91 million as previously rumored. The duo plan to the turn the historic property back into a hotel, an independent that will continue to use the Bossert name, with a rooftop bar and restaurant and 302 rooms that will rent for $300 a night. The property is already being renovated. Plans call for a summer opening. Click through for a photo of the lobby in bygone days.
Chetrit, Bistricer pay $81 million for Brooklyn’s Bossert Hotel [TRD]
Architects Announce Reno Plans for Hotel Bossert [Brownstoner]
Building of the Day: 98 Montague Street [Brownstoner]

Photo by The Brooklyn Paper