Trump SoHo to Begin Closings

Trump SoHo to Begin Closings
NEW YORK, NY - Trump SoHo New York is a joint venture among The Sapir Organization, Bayrock Group, L.L.C. and an affiliate of the Trump Organization. The attorney for the sponsors, Jay A. Neveloff, partner, Kramer Levin Naftalis & Frankel LLP, stated, "The offering plan for Trump SoHo has just been declared effective. Closings at the luxury Downtown hotel condominium can commence."

The first luxury hotel condominium in Downtown Manhattan opened on April 9, 2010 and is being managed by the Trump Hotel Collection. Located at 246 Spring Street, the dramatic, 46-story silver-glass building, designed by Handel Architects, boasts unrivaled views of the city's spectacular skyline, the Hudson River, Statue of Liberty and Empire State Building.

"We understood the potential for a Downtown luxury hotel and know that Trump SoHo will quickly become the Manhattan destination of choice for sophisticated global travelers," stated Alex Sapir, president of The Sapir Organization. He continued, "Trump SoHo has brought 350 jobs to the area and will bring increased revenue and traffic to the local restaurants and cultural venues."

The collaborative vision of Handel Architects, Rockwell Group, the sponsors and Donald Jr., Ivanka and Eric Trump has created an incredible destination of impeccable style and uncompromising service. The Trump's fresh, modern design sense has become a hallmark of the "next generation."

"By providing the exclusive amenities that the Trump Hotel Collection has become known for, Trump SoHo will surpass any experience that a guest can receive Downtown," stated Donald Trump, Jr. vice president of development and acquisitions for The Trump Organization.

The 391 guest rooms and suites, designed by Rockwell Group, blend classically inspired interiors with contemporary New York design. Trump SoHo has the ambiance of an intimate hotel with just twelve rooms per floor yet it provides guests and owners the full complement of services and amenities of a luxury hotel experience. Trump SoHo also features: the two-level Quattro Gastronomia Italiana, the second location of South Beach's top dining destination, which was designed by Studio A; The Spa at Trump with the first luxury hammams in New York City, Bar d'Eau, a seasonal indoor-outdoor bar along the pool, both of which were designed by DiGuiseppe Architect; Kastel, an exclusive cocktail lounge, and The Library with books by TASCHEN designed by Rockwell Group.

The Trump Organization is a company known for the highest level of excellence and luxury in residential, hotel, office, retail, and golf properties. It is one of the world's leading super-brands and is the largest privately held company in New York. The Trump family has been named annually on the prestigious "Forbes 400" list, and dominates the world of luxury.

The current and upcoming Trump branded properties include condominium developments of the finest caliber, hotel properties managed by the highly regarded Trump Hotel Collection, world-class golf resorts, millions of square feet of commercial and office space, the finest retail property clientele including such names as Gucci and Jean Georges.

The Sapir Organization is a privately held, New York – based real estate holding and development firm with over 7 million square feet of prime Manhattan commercial and residential space. Founded by Chairman Tamir Sapir, the company has embarked on new residential and multi-use projects under the leadership of its President Alex Sapir and Vice President Zina Sapir-Rosen. The Sapir Organization owns significant architectural landmarks throughout Manhattan including The Duke Semans Mansion, 2 Broadway, 260 Madison Avenue, 261 Madison Avenue, 384 Fifth Avenue, and two residential buildings, 50 Murray Street and 53 Park Place. Sapir currently has projects in excess of $2 billion.

Bayrock Group, L.L.C. is an international real estate investment and development company, specializing in luxury residential, commercial, resort, hotel, and mixed-use projects.
Source: The Sapir Organization

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