The Breslin Hotel was opened in 1904 and is a 12-story structurewith retail on the ground floor. A source close to the deal couldnot project a renovation cost at this time. The source also couldnot detail any further information on what the renovation wouldentail by press time.

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The fee interest is owned by the Lillian Goldman Family LLC andthe Estate of Lillian Goldman. Acquisition and constructionfinancing of up to $75 million was provided by HSBC Bank USA,National Association and West LB AG, New York Branch. The hotelwill be managed by Ace Hotel Group.

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GFI was represented by in-house general counsel Alan Schacterand Greenberg Traurig shareholders Robert Ivanhoe, JonathanMargolis, Steven Shapiro and Allison Rosenberg and associates DavidBass and Joshua Hager. Dune was represented by in house generalcounsel Joshua Eaton and partner Gregory Ressa and senior counselSteven Stickler of Simpson Thacher & Bartlett LLP. BroadwayBreslin Associates was represented by partner Richard Wolloch ofWinnie Banta Hetherington Basralian & Kahn PC inHackensack.

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The Lillian Goldman entities were represented by in-housecounsel Judith Brener and partner Steven Simkin, counsel AllenWieder and associates Evelyn Giaccio and Barry Langman of Paul,Weiss, Rifkind, Wharton & Garrison LLP. HSBC was represented bypartners Edward Harris Jr., Jonathan Rosenbloom and Lance Levine,and counsel Jeffrey Wendler of Cozen O'Connor. West LB wasrepresented by partner Joshua Stein and associate Joel Omansky ofLatham & Watkins LLP. Ace was represented by associate MichelleGail of McNaul Ebel Nawrot & Helgren PLLC in Seattle.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.