After opening The Den hotel in Bangalore, India, Dan Hotels is expanding its operations abroad and entering the United States for the first time. The chain is acquiring the NoMo SoHo hotel in Manhattan, New York, for $125 million from Sapir Corp.
The NoMo SoHo hotel, located at 9 Crosby Street in the Soho district of Manhattan, New York, includes 26 floors and 264 rooms and suites. The hotel features the NoMo Kitchen restaurant, the Sip Happens café, meeting rooms, and a fitness center.
NoMo SoHo is located in the heart of Manhattan’s sought-after district, near a wide variety of art galleries, luxury stores, and restaurants. It is situated in one of the tallest buildings in Soho, offering stunning views of the city.
Shlomi Tahan, CEO of Dan Hotels: “We are proud and excited to enter the United States for the first time and to announce the acquisition of the NoMo SoHo hotel, located in the most fashionable and youthful district of Manhattan, New York. We intend to renovate the hotel and offer the ultimate service and hospitality experience for which Dan Hotels is known.”
Gidi Federman, Chairman of Dan Hotels: “I welcome the decision to enter the hotel industry in the United States. I thank the entire team who worked hard to ensure this deal was completed.”
Dan Hotels was represented in the transaction by Attorney Dana Piron-Gross, partner at Piron Law Firm, together with attorneys Yuval Tal and Mark Rutter from Proskauer in the U.S.