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120 - 122 Water St./ Google Maps 120 – 122 Water St./ Google Maps

NEW YORK CITY—Fortuna Realty Group is building yet another hotel. Teaming up with Atlas Hospitality, the partnership secured a $40 million construction loan from Bank America Merrill Lynch to develop a 128-key luxury, boutique hotel. This one’s at 120 – 122 Water St. in Manhattan’s Financial District. Fortuna, which has made a name for itself in the hotel industry, will develop and manage the 26-story, upscale lodging that’s anticipated to open in 2020.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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