Horizon Group in contract to buy Riverside Tower Hotel for undisclosed price

Don Lewis through the entity Cosmopolitan Broadcasting Corporation as seller signed a memorandum of contract with Horizon Group through the entity Horizon 80 RSD LLC as buyer for 1 parcel, including the tax class extended stay/suite: amenities similar to apt; typically charge weekly rates & less expensive than full-service hotel (HS) at 80 Riverside Drive in the Upper West Side. The memorandum was signed on March 8, 2021 and was recorded on March 18, 2021.
The property contains a total of 25,639 square feet of built space.
The property, the Riverside Tower Hotel, has a 2013 mortgage with an original principal of $3.4 million.
Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $1,052,004.

Direct link to Acris document. link
The signatory for the buyer was David Marom.