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**Cain Acquires The Dominick Hotel, Plans Rebrand as Delano SoHo New York**
Cain International, the privately held investment-management firm led by Jonathan Goldstein, has acquired The Dominick Hotel, located at 246 Spring Street at the intersection of Manhattan’s SoHo and Hudson Square neighborhoods.
The hotel is set to undergo a comprehensive renovation and will be rebranded as the Delano SoHo New York. The updated luxury lifestyle condo hotel will feature enhanced guestrooms, upgraded food and beverage offerings, and expanded amenities.
“The global demand for authentic luxury-lifestyle experiences has never been stronger, particularly in leading gateway cities,” said Eric Poretsky, senior managing director and head of U.S. equity at Cain. “New York remains one of the most dynamic hospitality markets in the world, and SoHo offers the ideal backdrop for Delano’s pioneering collection of design, culture and creativity.”
To support the acquisition and redevelopment of the property, Madison Realty Capital and Newbond Holdings have originated a $180 million loan to affiliates of Cain. The move comes following Cain’s acquisition of a minority stake in the Delano brand in 2024. The rebranded Delano SoHo New York is expected to become a standout destination in the city’s luxury hospitality landscape.
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