Goldman to Buy Embassy Suites B.P.C.?


According to Downtown Express, Goldman Sachs is negotiating with Embassy Suites to buy its 453-room hotel in Battery Park City. A lawyer for Goldman wrote a letter to Community Board 1 saying that an agreement would be signed by tomorrow, with a closing a month later.

A DE source, noting that the building is “really ugly,” said that Goldman will “likely either demolish the building or change its facade …. ”

Goldman recently began construction on its new $2.4 billion headquarters across a pedestrian walkway from the hotel.

-Matthew Grace

Goldman to Buy Embassy Suites B.P.C.?