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APRIL 11, 2012

HIDROCK BUYS MANHATTAN HOTEL SITE FOR $27.9 MILLION DEAL

- Bloomberg Businessweek


Hidrock Realty, a New York developer, bought a vacant lot near the World Trade Center
site in lower Manhattan where it plans to build a 300-room hotel.

The property at 133 Greenwich St. was purchased in a joint venture with Robert Finvarb
Cos. for $27.9 million, Hidrock said today in a statement. The partners plan to spend an
additional $70 million to develop the 28-story hotel, which is slated to open in 2015,
according to statement.

 

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