Hidrock files plans for new 31-story Midtown hotel

Hidrock Properties is planning a new 161-room hotel on a Midtown assemblage it acquired for $47 million, according to property records filed with the city Friday. Financial District-based Hidrock filed plans for a 116,000-square-foot, 31-story hotel at 12 East 48th Street. The family-led development firm, led by CEO Abraham Hidary, acquired the three commercial buildings […]

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 […]