Triumph Hotels
1633 Broadway, 46th Fl New York, NY 10019
People:
Triumph Hotels NYC portfolio
$218.6 million -hotel 85%, specialty 6%, N9 5%; Manhattan 87%, Bronx 7%, Brooklyn 5%*
921th largest portfolio by dollar value
642,756 sqft – hotel 87%, N9 8%, specialty 4%; Manhattan 87%, Brooklyn 8%, Bronx 4%
696th largest by SF
8 properties – Manhattan 62%, Bronx 25%, Brooklyn 12%
1292th largest
Notes
Website: Founded by Gerald Barad and Shimmie Horn in 2014, Triumph Hotels is a collection of historic hotels located throughout New York City.
Company Activity past 24 months:
Borrower company: 3 for $45.6 million
Top Ten Associated Companies:
Popular Bank (7), Investors Bank (2), First Republic Bank (1), Apple Bank for Savings (1), Gene Kaufman (1), Santander Bank (1), Friends Of Emblaze Academy Charter School (1)
Top Ten Associated People:
David Rabban (3), Joseph Farrauto (1), Joseph A. Farrauto (1), Alan J. Perlowitz (1)
Recent activity as company:
• Triumph Hotels borrowed $13.5 million from Popular Bank for 781 East 142 Street on March 17, 2026.
• Triumph Hotels borrowed $21 million from Popular Bank for 322 West 51 Street on October 01, 2024.
• Triumph Hotels borrowed $11.1 million from Popular Bank for 781 East 142 Street on September 27, 2024.
• Triumph Hotels borrowed $31.1 million from Popular Bank for 53 West 44 Street on October 31, 2022.
• Triumph Hotels borrowed $23.5 million from Popular Bank for 7 East 27 Street on September 22, 2022.
• Triumph Hotels borrowed $11.5 million from First Republic Bank for 122-02 Mowbray Drive on March 01, 2022.
• Triumph Hotels borrowed $13 million from Popular Bank for 65 Prince Street on December 18, 2020.
• Triumph Hotels borrowed $5 million from Investors Bank for 22-39 94 Street on October 15, 2020.
• Triumph Hotels ground leased None valued at $0 to Friends Of Emblaze Academy Charter School on May 01, 2020.
• Triumph Hotels borrowed $7.5 million from Santander Bank for 68-09 Burns Street on March 10, 2020.
Latest Stories:
• Shimmie Horn’s Triumph signs $21M refi for closed hotel in Hell’s Kitchen (October 10, 2024)
• McSam Hotel Group signs $28M construction loan for hotel in Times Square (March 19, 2024)
• Triumph Hotels borrows $13M from Popular Bank for property in Fort Greene (December 30, 2020)
• Charter school records ground lease with Triumph Hospitality Group in Hunts Point (July 15, 2020)
Properties: