DLJ Real Estate Capital Partners sold the Nine Orchard hotel at 9 Orchard Street on the Lower East Side to Austin-based MML Hospitality for $92 million. The 113-key, 71,000-square-foot property—once the historic Jarmulowsky Bank Building—opened in 2022 after a major renovation and has hosted celebrity guests. The sale includes Nine Orchard’s on-site restaurants, marking MML’s continued expansion from restaurants into hotels. DLJ originally bought the building in 2012 for $5.3 million.
DLJ Real Estate Capital Partners
