Treatyland

Reuben Brothers to Buy New York City’s Surrey Hotel

(Bloomberg) — U.K. real estate investors David and Simon Reuben are buying the upscale Surrey Hotel in New York City, in their latest push into U.S. real estate, according to a person familiar with the matter.



a man standing in front of Simon Reuben, Simon Reuben posing for the camera: Simon and David Reuben


© Photographer: David M. Benett/Getty Images
Simon and David Reuben

The price is less than the $215 million asking price, said the person, who asked to not be identified because the matter isn’t public.

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A representative for the Reuben Brothers declined to comment. A representative for the owner of the Surrey Hotel, Denihan Hospitality Group, didn’t respond to a request for comment.

The tony hotel near Central Park is a recreation of the original Surrey, which was built in 1926 and hosted famous people including John F. Kennedy and Bette Davis, according to its website.

The brothers, London property investors, invested in New York City real-estate this year by buying a condo from SL Green Realty Corp. for $170 million, Bloomberg News reported.

This transaction follows three recent financing deals they did worth more than $300 million, including buying the mortgage of the St. Regis Bal Harbour Resort in Miami, as well as a stake in a senior loan tied to the St. Regis Chicago, the person said.

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