The Williamsburg Hotel in Brooklyn, NY Sold for $96 Million

  The Williamsburg Hotel in Brooklyn, NY Quadrum Global has

The Williamsburg Hotel in Brooklyn, NY - Entrance
  The Williamsburg Hotel in Brooklyn, NY

Hotel News Resource;

Quadrum Global has completed the purchase of The Williamsburg Hotel in Brooklyn’s Williamsburg district, making it its fourth hotel in New York City. The company is also the owner and developer of Arlo Soho, Arlo Nomad, and Arlo Midtown.

The eight-story brick tower, which opened as The Williamsburg Hotel in 2017, is located at 96 Wythe Ave. on the corner of North 10th Street in the heart of Brooklyn’s cultural district for music, art, nightlife, dining, shopping, prime real estate and more. In addition to 147 well-appointed guest rooms (including eight suites), the property features a 6,500-square-foot grand ballroom, a 1,250-square-foot restaurant, a 3,000-square-foot lobby bar and lounge, a water-tower rooftop bar, and a 10,000-square-foot rooftop lounge and pool area offering unmatched 360-degree views of the Manhattan skyline.

The $96 million purchase comes on the heels of Quadrum Global’s recent development and opening of Arlo Wynwood in November 2022, the first-ever hotel in Miami’s Wynwood neighborhood, and most recently, the opening of Arlo Chicago in April 2023.

“New York City will always remain one of the greatest centers of the world for finance, culture, art, and entertainment,” said Oleg Pavlov, Founder and Chief Executive Officer of Quadrum Global and Arlo Hotels. “We are extremely excited to establish a greater presence in this city with The Williamsburg Hotel. The property has been part of the district’s vitalization, and we look forward to working with the community and our neighbors to make Williamsburg an even more sought-after destination.”

Although Williamsburg has been slowly on the rise for decades, a rezoning in 2005 ushered in an era of new development, which has put the neighborhood on the map as one of New York’s most desirable places to live in and visit. Williamsburg draws in visitors seeking creative and artsy spaces for nightlife and entertainment and those who embrace the gritty, industrial surroundings that continue to personify the region.