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Sonder Inks Lease At Brooklyn's Gowanus Inn

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Gowanus Inn & Yard at 645-651 Union Street, Brooklyn, Sonder CEO Francis Davidson and Red Pine Principal Michael Federman (Google Maps, Sonder, Federman Steifman)
Short-term rental startup Sonder has inked another hotel lease, this one at its first Brooklyn location.
The company signed a long-term lease for the entire 76-key Gowanus Inn & Yard at 645-651 Union Street,
The Real Deal has learned. Red Pine Capital Partners, which independently owns and operates the hotel, confirmed the news.
San Francisco-based Sonder has in recent years expanded its portfolio into hotel rooms, after having specialized in offering furnished apartments as short-term rentals. In April, the firm said it will go public via a special purpose acquisition company. ....

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Premier Equities Picks Up Former Tribeca Hotel For $18M

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Premier Equities picks up former Tribeca hotel for $18M
Manhattan saw 3 of 4 investment deals between $10M and $30M last week
New York /
130 Duane Street and 106 Pinehurst Avenue (Google Maps)
Manhattan has made deal makers smile again. The borough captured three of four investment sales recorded last week in the $10 million to $30 million range.
Premier Equities bought a hotel in Tribeca that closed during the pandemic, a West Village rental building sold for just 11 percent more than it did in 2015 and a 96-unit apartment building traded hands in Hudson Heights. ....

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Sonder Will Merge with SPAC to Go Public at $2.2B Valuation

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Sonder to Reopen Flatiron Hotel in New York City

Its planned April debut signals how the company will operate in post-Covid urban environments: with boutique offerings in sought-after neighborhoods and little staff.
“The Flatiron-Nomad area is an important sub-market for us to enter, to meet a changing need among customers,” said Rosanelli. Sonder is training only about 10 employees to operate the hotel.
While Premier, which saved the Flatiron Hotel from foreclosure in 2019, might have wished for a paying tenant sooner, “we’re thrilled to partner with Sonder,” said Uzi Ben-Abraham, founding partner of Premier.
“As we enter a new era of travel, we believe Sonder’s flexible, self-service model is the perfect way for travelers to experience New York City,” he added. ....

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