NEW YORK--(BUSINESS WIRE)--Alex Sapir, President of The Sapir Organization and Chairman of the Board of ASRR Capital, Alex Sapir and Rotem Rosen’s publicly traded Israeli company, released a statement today regarding the legal proceedings involving the NOMO SOHO Hotel.
“The court rulings this week refer further proceedings to Justice Marks, before whom we are scheduled to appear next week. We intend to seek an order directing Morgans to leave the hotel we own, which we believe they now occupy unlawfully.
When ownership gains control over its property, as we are confident we will, NOMO SOHO will become one of the most exciting hotels in NYC and we look forward to opening our doors in Soho. We are currently searching for a location in Miami Beach and London for more iconic hotels for our new brand
Morgans’ claim that ownership acted improperly when seeking to remove them from our property is itself improper and we intend to hold Morgans fully liable for its acts and conduct.”
Please direct any inquiries to NOMOSOHO@dkcnews.com.
ABOUT ASRR Capital LTD.
ASRR Capital LTD. Is a publicly held company traded on the TASE (Tel Aviv Stock Exchange). With multiple international holdings, it is ASRR Capital’s goal to increase its operations in the United States by utilizing the experience and expertise of controlling shareholders Alex Sapir, President of The Sapir Organization and Rotem Rosen, CEO of The Sapir Organization. The Sapir Organization is a group of privately held companies, owned by Sapir family members. Collectively, this New York-based real estate Organization owns and manages approximately 6 million square feet of prime Manhattan commercial and residential space. Founded by Mr. Tamir Sapir, it owns and manages significant architectural landmarks throughout Manhattan, including 11 Madison Avenue, 2 Broadway, 260 Madison Avenue and 261 Madison Avenue. Additionally, the Organization has developed major iconic projects in Downtown Manhattan. The Sapir Organization continues to expand its international assets through strategic purchases in major real estate markets. The Organization’s tenants and partners include Zuma, Eleven Madison Park, Credit Suisse, Sony, Coca Cola, William Morris Endeavor, Yelp, Chase, Signature Bank and Fidelity.