Dovetail + Co’s 99-Year Ground Lease


Paul, Weiss represented Dovetail + Co on the deal.

Dovetail + Co acted as tenant in connection with a 99-year ground lease for an SRO hotel at 338 Bowery. Dovetail + Co anticipates developing a boutique hotel at the site.

Based in NYC, Dovetail + Co is an owner and creator of experiential real estate. Dovetail is actively seeking value-add hospitality acquisition and redevelopment opportunities with deal capitalization from $5 million to $50 million with a primary geographic focus from Washington to Boston with secondary focus on select markets (Toronto, Montreal, Charleston, Miami).

The Paul, Weiss team included real estate partner Peter Fisch (Picture) and counsel Allen Wieder and Barry Langman; and environmental counsel William O’Brien.

Involved fees earner: Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Barry Langman – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Allen Wieder – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Dovetail + Co;

Author: Ambrogio Visconti