Empire Capital buys McCarren Hotel Pool for $22M Williamsburg property boasts first outdoor saltwater pool in Brooklyn

McCarren Hotel Pool at 160 North 12th Street (credit: McCarren Hotel) (inset from top: Josh Rahmani and Ebi Khalili)

A group of investors led by Empire Capital Holdings purchased the McCarren Hotel Pool in Williamsburg for $22 million, sources told The Real Deal.

The seller, according to Re上海龙凤论坛sh1f

al Capital Analytics, is a爱上海同城

joint venture between private equity firm Wheelock Street Capital and King Grove (now Chelsea Hotels). King Grove, in partnership with the Chetrit Group , bought the 64-key hote上海龙凤论坛sh1f

l at 160 North 12th Street in 2012 for $31.8 million, city records show. They received a $20 million acquisition loan from PNC Bank at the time. In 2013, after Chetrit and King Grove split up, Wheelock assumed the loan and became the majority owner.

Vickram Jambu and Chris Varjan

Empire Capital, led by Josh Rahmani and Ebi Khalili, plans to completely rebrand and reposition the hotel, once known as the Hotel Williamsburg, sources said. The hotel’s standout feature is a ground-level saltwater pool, but it also holds a rooftop bar, and restaurant Oleanders (it formerly housed Paul Liebrandt’s Elm).

Venture Capital Properties’ Vickram Jambu and Chris Varjan brokered the deal. They declined to comment, while representatives for Empire Capital couldn’t be reached. The acquisition was fina阿爱上海同城

nced in part with a loan from Ladder Capital.

Tags: king & grove
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