Flank buys Carlyle out of Brooklyn Hilton project

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Architecture and development firm flank paid $88 million to buy the Carlyle Group out of the hilton brooklyn. flank and Carlyle bought the site at 140 Schermerhorn Street in 2012 for $38.2 million. The partners are developing a 196-key hotel on the property, but hired Eastdil Secured to market the property earlier this year.

News in brief: Starwood lawsuit, global pipeline, Emaar.. Flank in Hilton deal: Architecture and development firm Flank paid US$88 million to buy the Carlyle Group out of the Hilton Brooklyn. Flank and Carlyle had bought the property in 2012 and are developing a hotel on the property.

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Construction is underway on the 19-story hotel and condo tower that Flank Development and the Carlyle Group are building on the corner of Smith and Schermerhorn streets in Downtown Brooklyn. and.

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