Richard Born
BD Hotels
BD Hotels portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$385.1 million – hotel 97%, walkup 1%; Manhattan 100%, Bronx 0%
159th largest portfolio by dollar value
1,059,991 sqft – hotel 98%, walkup 1%;
318th largest by SF
15 properties – Manhattan 100%, Bronx 0%
142th largest
111 residential units – Manhattan 100%, Bronx 0%
687th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 1 for $20.6 million
Borrower signatory: 5 for $178.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Ohana Real Estate Investors (1), JK Hotel Group (1), Extell Development (1), First Republic Bank (1), Metropolitan Commercial Bank (1), Israel Discount Bank (1), Deka Immobilien (1), HERA Hospitality Property (1), Wolfgang Hotels & Resorts (1), Yellowstone Real Estate Investments (1)
Top Ten Associated People:
John Ginochio (1), Gary Barnett (1), Elena Liu (1), Dennis Graham (1), Jeremy Romine (1), Elena Dokianos (1), Albert Burklen (1), Michael McAuliffe (1), Daniel Schneider (1), Isaac Hera (1)
Recent activity as signatory:
• BD Hotels borrowed $26 million from Bank of America for 88 Ninth Avenue, Chelsea, Manhattan on December 27, 2024.
• BD Hotels sold 60 East 54th Street, Midtown East, Manhattan for $20.6 million to HERA Hospitality Propertyand Wolfgang Hotels & Resorts on February 05, 2024.
• BD Hotels borrowed $45.9 million from Deka Immobilien for 141 East 39th Street, Murray Hill, Manhattan on November 03, 2023.
• BD Hotels borrowed $10 million from Israel Discount Bank for 510 West 42nd Street, Hell’s Kitchen, Manhattan on September 19, 2023.
• BD Hotels borrowed $34.5 million from Metropolitan Commercial Bank for 56 East 54th Street, Midtown East, Manhattan on August 21, 2023.
• BD Hotels borrowed $62 million from First Republic Bank for 141-147 Mercer Street, SoHo, Manhattan on February 17, 2023.
• BD Hotels sold 113 Jane Street, West Village, Manhattan for $62 million to Ohana Real Estate Investorsand JK Hotel Group on December 27, 2022.
• BD Hotels sold 859 7th Avenue, Midtown West, Manhattan for $94.5 million to Extell Development on October 20, 2022.
• Richard Born filed plans for major alteration for 51,401 sqft in West Village, Manhattan, on March 29, 2022.
• BD Hotels borrowed $38 million from Investors Bank for 56 East 54th Street, Midtown, Manhattan on November 09, 2021.
Latest Stories:
• Merchants Hospitality surrenders $24M Hell’s Kitchen ground lease to BD Hotels January 15, 2024
• BD Hotels signs $45.9M refi loan with Deka Immobilien for hotel in Murray Hill November 06, 2023
• BD Hotels signs $34.5M refi for Hotel Elysee in Midtown East August 22, 2023
• Jeff Klein, Ohana Real Estate pay $62M to BD Hotels for hotel in West Village December 28, 2022
• BD Hotels signs $38M refi with Investors Bank for hotel in Midtown November 10, 2021