[2] BD Hotels specializes in buying renovations instead of new buildings to meet fewer competitors and lower purchase prices.
[1] In the early 2000s, Born decided to develop hotels that carry small rooms but offer great location and style.
The second opened in the former men's club Allerton House on E. 39th St.[1][5] BD Hotels purchased this building in 2010 for $28 million.
[7] In 2012, BD Hotels ranked 11th on The Real Deal’s list last year of the biggest Manhattan hotel owners, managing 1,336 rooms across seven properties.
[8] In 2013, BD Hotels announced its joint-venture with Raphael and Robert De Niro, Empire Global Ventures, Amerasia S&T Corp and Tribeca Enterprises to develop Project 179, an 850,000-square-foot complex in Shanghai’s financial district.