Eastdil, A&G Market Williamsburg Hotel in Bankruptcy Sale
Eastdil Secured and A&G Real Estate Partners have been engaged to market The Williamsburg Hotel, a 147-key luxury lifestyle hotel in Brooklyn’s Williamsburg neighborhood. The property, which was built in 2017, is being sold subject to the United States Bankruptcy Court, Southern District of New York, Case Number 21-22108-shl.
“In less than five years, The Williamsburg Hotel has established itself as an important part of the Brooklyn skyline and a destination location for high-end, luxury-minded guests and locals,” said Emilio Amendola, co-president of A&G.
“The property has tremendous upside potential, with accelerating performance and several value-creation opportunities in the near term that will allow The Williamsburg Hotel to continue to stand out in a growing luxury submarket,” he continued.
Added Andy Wimsatt, managing director at Eastdil, “This is a one-of-a-kind investment opportunity in a modern boutique hotel with significant performance momentum.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).