CEDAR FUNDS

08/26/2016

Hotel maestro Sam Chang of McSam Hotel Group has acquired two Club Quarters hotels with a total of 400 rooms in Midtown for $155 million, a source with intimate knowledge of the deal said. The seller was Rockwood Capital. The hotels are Club Quarters Hotel, opposite Rockefeller Center and with an ad...

01/28/2016

WatsonIBM robot at Prof R. Gharbie’s private equity development class at Columbia University. Session on hotel real estate disruptive investing

12/10/2015

Accor buys Raffles owner for $2.9bn: http://on.ft.com/1SOl2LH

Accor, Europe’s largest hotel group, has bought the owner of the Fairmont, Raffles and Swissotel hotel chains for $2.9bn in cash and shares, in the second major hotel takeover in a month. Accor, which announced the deal for FRHI Hotels & Resorts on

12/08/2015

holiday reception on the trading floor of the ... and why not!

12/03/2015

Ex-Citigroup Construction Executive Admits Taking $500,000 in Bribes http://nyti.ms/1OvhP4q

John Cassisi, a former child actor, was sentenced in Manhattan to two to six years in prison for taking illicit payments from building companies.

12/01/2015

Blackstone Group sells 563-key London Hotel to ADIA for $382M or 678k per key http://nyp.st/1PN2YUj

Blackstone Group has sold the London Hotel in Midtown to a sovereign wealth fund for $382 million, or $678,000 per room. The Abu Dhabi Investment Authority, which also owns the Hyatt Times Square a...

12/01/2015

Great NYPEN Holiday Party at Zuma. Thanks Shola and Sapir crew for hosting!

11/25/2015

Exactly two years since we launched Cedar Funds but it feels like a decade. What an amazing two years!! I'm so fortunate to be surrounded by an amazing wife, a great team and board of advisors, and supportive families and friends. Our achievements would have been unconceivable without them. Have a terrific thanksgiving everyone!

06/16/2015

The recent sale of Great Wolf Resorts just three years after its last acquisition illustrates the trend that quality assets are fetching high prices in short turnaround times. 

01/11/2015

Cedar Funds welcomes Edward Lay to the team. An accomplished Architect, Ed brings a wealth of architecture, design and construction expertise http://ow.ly/H7fJ5

A New York City based hotel and real estate Development and Private Investment firm

09/13/2014

Cedar Funds welcomes to its Advisory Board Stuart Koenig, Sr Partner/COO at ARES, and former CFO at AREA (ex-Apollo) http://ow.ly/Bt4rk

A New York City based hotel and real estate Development and Private Investment firm

09/05/2014

Cedar Funds is pleased to appoint Proskauer Rose, a prominent New York City based law firm, to finalize the investment structure for its progressive boutique hotel development in Manhattan. http://ow.ly/B9lyr