Brooklyn Heights’ ‘Hotel Bossert’ Faces Foreclosure; Site of Dodgers World Series Party   - The Jewish Voice
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Sunday, July 3, 2022

Brooklyn Heights’ ‘Hotel Bossert’ Faces Foreclosure; Site of Dodgers World Series Party  

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By: Hadassa Kalatizadeh  

Once praised as the “Waldorf-Astoria of Brooklyn”, the Hotel Bossert in Brooklyn Heights now faces foreclosure.

As reported by the NY Post, the iconic hotel built in 1909 in grand Italian Renaissance Revival-style received a $112 million pre-foreclosure notice, after missing mortgage payments and racking up hundreds of thousands of dollars in debt.

The stately 14-story hotel has been shuttered for several years now.  The plan was, however, to reopen it as a Kimpton Hotel.  “Most of the rooms at the former hotel — where the Dodgers celebrated their only World Series title in Brooklyn before heading west — are now used as residences for Witness volunteers,” the Post reported.

The building is owned by the Chetrit Group, who purchased the landmark property from the Jehovah’s Witnesses in 2012 for $81 million, along with then-partner Clipper Equity’s David Bistricer. In 2019, Chetrit Group bought out Clipper’s shares for the 187,200-square-foot property, planning to revamp and reopen it as a boutique 302-room hotel.  The Jehovah’s Witnesses society had previously purchased the property in 1988, undertaking extensive work restoring and preserving the building.

On April 13, Wells Fargo filed the pre-foreclosure notice in Kings County Supreme Court, PincusCo first reported. The notice alleges that the building owner owes over $126.7 million on a $112 million loan from 2019. The bank is threatening to sell the hotel to recoup the outstanding balance.

The storied hotel at Montague Street, near the Museum of Modern Art, was also the site where the Brooklyn Dodgers baseball team celebrated their only World Series championship victory in 1955.  The property was also famed for its two-level rooftop restaurant, named the Marine Roof, which boasted a nautical theme and views of lower Manhattan.

The hotel was rumored to be reopening last year, having obtained a liquor license in August 2019 and a temporary certificate of occupancy for the building in January 2020.  Several booking websites, including the IHG Hotels & Resorts website, began listing rooms at the hotel last year, with nightly rates ranging from $246 to $303– but the hotel never actually opened up.

The Chetrit Group didn’t immediately respond to The Post’s request for comment.  The family-run real estate developer has several other high-profile projects active, including a $78 million development in the Lower East Side, as well as a $290 million Financial District refinancing. The firm is also developing a $100 million, 20-story residential building in Jamaica, Queens.

 

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