Standard International Acquires Hotel In New York City From Sixty Collective For $109M

The hotel located at 60 Thompson Street in New York City has been sold in a transaction for a price of $109,000,000. The property spans 56,000 square feet, resulting in a price per square foot of $1,946. The buyer of the hotel is Standard International, while the seller is Sixty Collective, represented by Jason Pomeranc, Michael Pomeranc, and Larry Pomeranc. The deal was facilitated by Jeff Davis from JLL.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $109,000,000
• Square Feet: 56,000
• Price per Square Foot: $1,946
• Buyer: Standard International
• Seller: Sixty Collective - Jason Pomeranc, Michael Pomeranc & Larry Pomeranc
• Broker: Jeff Davis - JLL

The sale of the hotel at 60 Thompson Street highlights the involvement of key individuals and companies in the deal. Standard International, a prominent buyer in the hospitality industry, acquired the property from Sixty Collective. Represented by Jason Pomeranc, Michael Pomeranc, and Larry Pomeranc, Sixty Collective successfully closed the transaction with the assistance of their broker, Jeff Davis from JLL.