James Hotel Sold to Thor Equities

The 114 room James Hotel on Grand Street in Manhattan was sold last week to Joseph Sitt’s Thor Equities. The 18 story hotel, purchased for $66 million, features a cellar restaurant, outdoor terraces and a rooftop bar. The hotel will be managed by Highgate Hotels. Thor is planning to rebrand the hotel is 2019. Bernstein Redo, P.C. secured the approval of Community Board 2 and the liquor permits necessary to facilitate the purchase. We are proud to be a part of the Thor Equities and Highgate Hotels team.