Morris Moinian wins auction for LES hotel site

From left: 139-141 Orchard Street, Morry Kalimian and Morris Moinian and a rendering of the hotel Morris Moinian and his investment partner were the winning bidders at a bankruptcy auction for a Lower East Side hotel development site, and will pay $30.75 million for the property.  “People were bidding $100,000 to $200,000 a clip, and […]