Dream Hotel Group
Dream Hotel Group portfolio
$140.3 million* – hotel 89%, retail 5%; Manhattan 100%, Bronx 0%
422th largest portfolio by dollar value
508,965 sqft – hotel 88%, elevator 8%;
601th largest by SF
6 properties – Manhattan 100%, Bronx 0%
1288th largest
52 residential units – Manhattan 100%, Bronx 0%
2127th largest by residential units
1 foreclosure, 0 bankruptcies, 1 other court case.
Top Ten Associated Companies:
Motcomb Estates (3), Maple Tree Capital (1), Katara Hospitality (1)
Top Ten Associated People:
Andrew Humphries (1)
Recent activity as company:
• Dream Hotel Group borrowed $40.3 million from Maple Tree Capital for 2520 Broadway, Upper West Side, Manhattan on December 29, 2022.
• Dream Hotel Group sold 346 West 17th Street and 346 West 17th Street, Chelsea, Manhattan for $125.6 million to Katara Hospitality on June 07, 2021.
• Dream Hotel Group borrowed $60 million from Motcomb Estates for 856 7th Avenue, 204 West 55th Street, 1724 Broadway, Midtown West, Manhattan on March 20, 2020.
• Dream Hotel Group borrowed $48 million from Motcomb Estates for 224 West 49th Street, Times Square, Manhattan on February 13, 2020.
• Dream Hotel Group borrowed $62.5 million from Motcomb Estates for 130 West 44th Street, Times Square, Manhattan on January 14, 2020.
Latest Stories:
• Extell sells 673-unit hotel dev site for $172.8M to Riu Hotels (October 09, 2023)
• Soho Properties files second bankruptcy at Margaritaville hotel (August 14, 2023)
• Mezz lenders Arden, Corten sue Margaritaville Times Square investors for $85M (July 12, 2023)
• Soho Properties puts Margaritaville hotel in bankruptcy to block $57M UCC auction (July 10, 2023)
• Soho Properties seeks to block $57M UCC auction for Margaritaville hotel (June 30, 2023)
• Soho Properties signs $167M refi with OWS for Times Square hotel project (October 01, 2021)
• Katara acquires Dream Downtown ground lease valued at $125.6M from Dream Hotels (June 08, 2021)
Court Records:
Properties: