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Report: Brookfield Property and unnamed REIT in running for Brooklyn, NY, hotel

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Report: Brookfield Property and unnamed REIT in running for Brooklyn, NY, hotel

Toby Moskovits is reportedly considering a sale of the Williamsburg Hotel in Brooklyn, N.Y., with Brookfield Property Partners LP among the interested parties, unnamed sources told Commercial Observer.

The sources said that although no formal bidding was being held, two interested parties offered between $850,000 and $900,000 per room for the 150-room hotel at 96 Wythe Ave., translating to roughly $135 million at the upper end.

The other party competing with Brookfield is also a real estate investment trust, the March 14 report added, citing the sources.

Brookfield Property declined to comment, and Moskovits denied that the hotel is up for sale, according to the publication.