Jonathan Goldstein Of Cain International Acquires The Dominick Hotel From Richard Ressler For $175M

The Dominick Hotel, located at 246 Spring Street in Manhattan, has been acquired for $175 million. This 46-story hotel asset includes 390 keys, resulting in a price per key of approximately $448,718. The property will undergo a full renovation and be rebranded as Delano New York.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $175,000,000
• Buyer: Jonathan Goldstein - Cain International
• Seller: Richard Ressler - CIM Group
• Keys: 390
• Price Per Key: $448,718
• Date of Transaction: 10/15/2025
• Market: Manhattan

Jonathan Goldstein represents Cain International in this transaction, while Richard Ressler represents CIM Group. The deal marks a significant acquisition in the Manhattan hotel market.