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Ace Hotel’s Newest Location Rumored to Be in Brooklyn

Excerpt from Commercial Observer

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

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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