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RFR Realty Pays $135M for Brooklyn Hotel

Watchtower Sells 508-Room Sands Street Hospitality
By Richard Coppola
September 27, 2017 | 8:05 P.M.

RFR Realty, a Manhattan-based real estate investment, management and development firm, acquired the high-rise hotel at 90 Sands St. in Brooklyn, NY from Watchtower Bible & Tract Society of New York, Inc. (Jehovah’s Witness) for $135 million, or about $372 per square foot.

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