Global Holdings Announces Acquisition of the Mondrian Hotel on Park Avenue
Global Holdings, the international real estate development and investment firm led by Chairman and Founder Eyal Ofer, today announced the acquisition of the Mondrian Park Avenue, a 190-key boutique hotel in Manhattan’s NoMad neighborhood.
- Global Holdings, the international real estate development and investment firm led by Chairman and Founder Eyal Ofer, today announced the acquisition of the Mondrian Park Avenue, a 190-key boutique hotel in Manhattan’s NoMad neighborhood.
- View the full release here: https://www.businesswire.com/news/home/20230705543453/en/
“Mondrian Park Avenue is an extraordinary asset, perfectly located in the heart of Manhattan at a time when tourists and local visitors are flooding back into the city,” said Jonathan Ofer, Chief Executive Officer of Global Holdings Management Group. - “Moin Development did an incredible job converting this property into one of Park Avenue’s best hotels.”
Global Holdings previously held a senior mortgage loan on the property and completed the acquisition as part of a prior agreement with Moin Development. - Global Holdings’ portfolio includes more than 120 properties globally, totaling 10 million square feet across residential, hotel and commercial assets, including more than 1,500 hotel rooms.