Projects developed and/or investment managed by KSNY principals

Arlo NoMad

www.arlohotels.com/arlo-nomad/
11 East 31st Street, New York, NY 10016

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Development manager for acquisition, design, construction and positioning of a ground up innovative 250 key, 31 story micro-lifestyle concept featuring luxuriously appointed, smartly designed, small rooms targeting the youthfully minded. Prior to opening, built a hotel management platform and created a new lifestyle brand called Arlo Hotels. Opened in November of 2016, we were very proud when Fodors called it one of The Best Hotels That Opened in 2016, in the world. We were also honored to be the winner of 2017 Ahead Awards for Best New Concept of the Year, winner of the Gold Key Award for Best Emerging Hotel Concept, and Silver Winner for Standard Room Design for Travel Weekly’s 2017 Magellan Awards. Arlo NoMad is consistently ranked in the top 10% of hotels on TripAdvisor out of 469 NYC hotels. Our restaurant Massoni, is helmed by Top Chef all stars alum Dale Talde. The NY Post said Massoni had one of The 21 tastiest dishes of 2016 and Gothamist called it one of The 10 Best New Bites Of 2016 and Eater The Top Newcomers of 2016. Zagat’s and others called our roof bar The Heights one of the 10 Hottest Bars in New York.

Arlo SoHo

11 East 31st Street, New York, NY 10016

Investment manager for acquisition, design and positioning of the ground up hotel development. In December 2012, acquired the leasehold interest and developed a 94,000 sf, 11-story, mid-rise hotel with 325 rooms averaging 155 sf. In September 2016, the Arlo SoHo Hotel was opened. The Hotel remains owned by Quadrum Real Estate, and both the Arlo brand and Helix Hotel Management remain owned by a Quadrum affiliate.

Arlo 38th Street

351 W 38th Street, New York, NY 10018

Investment manager for acquisition, design and positioning of a ground up hotel development. In October 2014, acquired 50% of a larger land parcel with the intent to develop a 148,000 sf, 25-story, high-rise hotel with 450 rooms averaging 175 sf. The property has been designed as the next Arlo Hotel and is under construction. The property remains owned by Quadrum Real Estate.

B Ocean Hotel

999 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304

Investment manager of the redevelopment and repositioning of a 143,000 sf non-operating, distressed hotel. Acquired in September 2009 with a JV partner. Re-opened in January 2011 as the 240-key B Ocean Hotel (a newly created lifestyle brand). Investment was exited in May 2014 and achieved a project level equity IRR of 31.7% and an equity multiple of 3.26x.

Sea Club Ocean Resort

619 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304

Acquired a performing loan with technical defaults in February 2011. The senior mortgage was secured by a 99 unit beachfront hotel. Acquisition price was at a 39% discount to unpaid principal balance (UPB) and at an attractive price per key. The loan was paid off in full in April 2013 and the resulting net IRR was 19% tax free.

Nautilus Hotel South Beach

1825 Collins Avenue, Miami Beach, FL 33139

Acquired and managed all facets of the redevelopment and repositioning of what was formerly the 3-star, 250-key Hotel Continental. The beachfront property originally built in 1950s was acquired in April 2011 as part of the distressed sale to avoid foreclosure. The hotel was renovated to a 4-star standard, and managed and branded by Sixty Hotels. The hotel remains 100% owned by a Quadrum Real Estate entity.

Godfrey Hotel

127 W. Huron Street, Chicago, IL 60654

Investment manager for acquisition, design and positioning of a half built hotel. Purchased non-performing construction loan note in May 2011 with a JV partner. Settled with borrower and lien holders to clean title and develop what is now the Godfrey Hotel Chicago, a 17-story, 220-room, 4-star hotel. Opened in February 2014 and managed by Oxford Hotels & Resorts, the operating partner. Finalist for Development of the Year at the 2014 Chicago Commercial Real Estate Awards, a nominee for the 2015 ALIS Development of the Year, and a finalist for the 2015 ULI Visionary Award. The Hotel remains owned by the original JV with Quadrum Real Estate.

B Resort & Spa

1905 Hotel Plaza Blvd, Lake Buena Vista, FL 32830

Investment manager of the redevelopment and repositioning of what was formerly the 3-star, 394-key Royal Plaza in Lake Buena Vista within the Walt Disney World Resort. The 16-story building, constructed in 1972 with 17,600 sf of meeting space constructed in 1983, was an REO and the last remaining asset in a CMBS portfolio. The leasehold interest (ground lease with Disney) was acquired in December 2011 with a JV partner. Re-opened in August 2014 as the B Resort & Spa and managed by an affiliate of the operating partner.

Essex Inn Hotel and Residences

800 S Michigan Ave, Chicago, IL 60605

Investment manager for acquisition of a leasehold interest in an underperforming 14-story, 254-key hotel for re-positioning. Acquired in November 2014 with a JV partner, the acquisition also included 350,000 sf of unused development rights which have been approved for a 56-story, 479-unit luxury rental apartment tower adjacent to the hotel. The repositioned hotel will have an increased room count of 271 keys and will be managed by Oxford Hotels & Resorts, the operating partner. The project is currently under construction and remains owned by the original JV with Quadrum Real Estate.

Hotel Julian

168 N Michigan Ave, Chicago, IL 60601

Investment manager for acquisition, design and positioning of a 77,350 sf vacant office building for adaptive re-use to hotel. Acquired in December 2015 with a JV partner. The property is currently being redeveloped as the Hotel Julian, a 16-story, 204-room, 4-star hotel and will be managed by Oxford Hotels & Resorts, the operating partner. The Hotel remains owned by the original JV with Quadrum Real Estate.

Time Lapse of Arlo NoMad