Following Ace’s Lead, Hotels Take Over 29th Street
- April 1, 2013
Lam closed in November on a $16 million deal to purchase 1227 Broadway, a site with over 50,000 buildable square feet. Lam, who bought 1205 Broadway and 1225 Broadway in 2011 for $72 million, now owns the entire block...
Virgin Hotel to Open in New York in 2016
- June 4, 2013
NEW YORK — Richard Branson's Virgin Hotels has announced that it will build a hotel in New York City. The company will build the Virgin Hotel on the northwest...
Hotel Developer Plans Twin Inns on Broadway
- November 21, 2012
Prolific hotel developer John Lam closed Tuesday on his $16 million acquisition of 1227 Broadway, laying the last piece for a $300 million hostelry project he is planning for the site.
On August 1, as planned, downtown Brooklyn benefitted from the addition of 128 new hotel rooms with the opening of Hotel Indigo Brooklyn. And it couldn't come at a better time: the much-hyped Barclays Center is set to open on September 28, just one mile away from the hotel.