Site Search

Get Luxury News by Email

Live the Good Life

Categories more

Sections

Other

Eastdil Secured and A&G Tapped to Market The Williamsburg Hotel

Be the first to review this item!

#hotel #travel #vacation #luxury
Published
10/21/2022 by

Global real estate investment bank Eastdil Secured, L.L.C., and national advisory firm A&G Real Estate Partners have been engaged as exclusive advisors to market The Williamsburg Hotel, a 147-room luxury lifestyle hotel in the heart of Brooklyn's thriving Williamsburg neighborhood.

Built in 2017, the property features modern, luxurious amenities, floor-to-ceiling windows with sweeping views of the Manhattan skyline, and destination dining, including The Williamsburg Restaurant and popular Watertower Bar. The hotel boasts a rooftop bar and pool lounge that has emerged as a Brooklyn staple, offering an amenity package that caters to hotel guests and locals alike, with rooftop summer events, rotating DJs, and curated year-round music events.

The hotel also frequently serves as the destination of choice for major gatherings and events, with multiple spaces centered around a 6,550-square-foot ballroom supported by adjacent, well-appointed breakout space.

"Located at the epicenter of a rapidly growing retail, culinary, and nightlife destination in New York City, the Williamsburg Hotel is ideally positioned to capture high-end leisure clientele, growing corporate needs, and local staycation demand," said Andy Wimsatt, Managing Director at Eastdil Secured. "This is a one-of-a-kind investment opportunity in a modern boutique hotel with significant performance momentum."

"In less than five years, The Williamsburg Hotel has established itself as an important part of the Brooklyn skyline and a destination location for high-end, luxury-minded guests and locals," said Emilio Amendola, Co-President of A&G Real Estate Partners. "The property has tremendous upside potential, with accelerating performance and several value-creation opportunities in the near-term that will allow The Williamsburg Hotel to continue to stand out in a growing luxury submarket."

The fully independent hotel is located at 96 Wythe Ave., Brooklyn, NY. The property is being sold subject to the United States Bankruptcy Court, Southern District of New York, Case Number 21-22108-shl.

For more information, visit www.wbk22.com or contact the individuals listed below.

Comments