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Reuben Brothers to Buy New York City’s Surrey Hotel

  • Wealthy London real estate investors extend Manhattan push
  • U.K. brothers dropped Newcastle United bid earlier this year
Simon and David Reuben
Simon and David ReubenPhotographer: David M. Benett/Getty Images
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Billionaire British brothers David and Simon Reuben are buying New York City’s upscale Surrey Hotel in their latest push into U.S. real estate, according to a person familiar with the matter.

The deal is set to value the five-star Manhattan property at less than the $215 million asking price, the person said, asking not be identified discussing private information. The Reubens plan to hire a top hospitality management company to operate the 189-room hotel, according to the person.