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Ace Hotel’s Newest Location Rumored to Be in Brooklyn

Excerpt from Commercial Observer

May 08, 2014 4:00 pm

Skift Take

There’s no doubt been some changes behind the scenes at Ace since the death of founder Alexander Calderwood, but a new spot in Brooklyn would be a signal of future growth and expansion.

— Samantha Shankman

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Robyn Lee  / Flickr

The entrance to the Ace Hotel in New York City. Robyn Lee / Flickr


GFI Capital Resources is close to sealing a deal with the Ace Hotel to open a new lodge under its brand a few blocks away from the Barclays Center in Downtown Brooklyn, Commercial Observer has learned.

Allen Gross, president and CEO of GFI Capital Resources, has nabbed a number of parcels on Bond Street, at the corner of Schermerhorn Street, in an off-market deal, and hopes to bring a trendy Ace Hotel to the site, sources with knowledge of the deal told CO.

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