Bankrupt NoMo SoHo Hotel Owner Picks Dan Hotels to Buy Property

The bankrupt owner of the NoMo SoHo Hotel in Manhattan has selected an affiliate of Israeli hospitality chain Dan Hotels as the buyer of the boutique property for $125 million.

DH 9 Crosby LLC’s starting bid was chosen after no better offers came in as part of a sale process, hotel owner and operator 9 Crosby LLC told the US Bankruptcy Court for the Southern District of New York in a notice Thursday.

9 Crosby Street filed Chapter 11 in November to implement a liquidating plan funded by the sale of the 26-floor, 264-room boutique hotel. The hotel’s collective bargaining ...