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Second Brooklyn Hotel Files for Bankruptcy in Less Than a Week

  • The under-construction project was expected to open in 2021
  • Owners show ties to the recently bankrupt Tillary Hotel
Brooklyn Bridge
Photographer: Craig Warga/Bloomberg

The owners of a hotel and residential tower project in Brooklyn’s hip Williamsburg neighborhood have filed for bankruptcy, the latest blow to New York’s struggling hospitality and commercial real estate sectors.

The Chapter 11 court filing covers a planned 26-story tower at 159 Broadway that includes apartments and a 235-room hotel across the street from the legendary Peter Luger Steakhouse. It was slated to open in the second half of 2021, according to media reports.