Sister City Hotel, a spin-off brand of Ace Hotel, located on 225 Bowery in lower Manhattan of New York City just landed a new financing package. The project has secured $80 million mortgage from Bank Hapoalim replacing previous debt from Bank of Ozarks. The hotel has since opened and is attracting coverage from major media outlets such as Vogue. 8th Bridge Capital has provided over $25million financing for the project.
