Olshan Closes on Sale of Surrey Hotel to International Hotel Investor

Firm News

Crain's New York Business has reported that on December 3, Olshan closed on the sale of the Surrey Hotel to an international hotel investor. Located at 20 East 76th Street, the hotel is at the heart of the high end upper east side market. The deal not only reaffirms the international business community’s continued interest in investing in prime New York assets but also reaffirms Olshan’s place in the top echelon of New York real estate transactional and bankruptcy lawyers. The hotel was the subject of a very unusual involuntary bankruptcy filing by the leasehold mortgagee against its own borrower. Bankruptcy partners Adam Friedman and Jonathan Koevary, with litigation partners Lori Marks-Esterman and Peter Sartorius, won a fast, decisive victory in the bankruptcy case. Real Estate partners Thomas Kearns and Hyman Kindler then navigated the client through a fast “off-market” year-end sale. Also assisting in this deal was of counsel Martin Cooper, litigation associate Joseph Weiner, and summer associate Joe Ferrone.

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.