NoMad Hotel to hit the auction block

New owners may soon be checking into the NoMad Hotel. The hotel’s mezzanine lender, Colony Capital, initiated a UCC foreclosure auction on the 168-key luxury hotel, Commercial Observer reported. The hotel — owned by Andrew Zobler’s Sydell Group and Make It Nice — hasn’t shown any outward signs of of distress, according to the publication. It opened in 2012, and was developed by GFI Development, a partnership between Allen Gross and Andrew Zobler at the […]

from The Real Deal New York http://bit.ly/2IALhtd

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