The 114 room James Hotel on Grand Street in Manhattan was sold last week to Joseph Sitt’s Thor Equities. The 18 story hotel, purchased for $66 million, features a cellar restaurant, outdoor terraces and a rooftop bar. The hotel will be managed by Highgate Hotels. Thor is planning to rebrand the hotel is 2019. Bernstein Redo, P.C. secured the approval of Community Board 2 and the liquor permits necessary to facilitate the purchase. We are proud to be a part of the Thor Equities and Highgate Hotels team.