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MAY 14, 2013

BANKING ON HOSPITALITY

- Commercial Observer


Hidrock Realty's Hotel Play

Every day, Jack Hidary walks the same Garment District streets that his grandfather, an apparel businessman, walked in the 1940s. “We probably go to the same shoeshine guy,” he said.

Mr. Hidary, the founder and CEO of Hidrock Realty, works out of a building on West 36th Street, and the family bonds are far more palpable than the Hidarys’ garmento history in the Midtown neighborhood. Jack works alongside his sons Abraham, Eddie and Steven at the 31-year-old company.

Real estate “wasn’t necessarily the game plan growing up,” Eddie said. “But as we got older and went to college, we started working here during the summers as interns and learned the business. That’s when I decided that I wanted to grow this company to the next level. And there’s no place like New York City.”

 

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2013-May