Daniel Hannagan's Contact Details

Daniel Hannagan's Company Details

Merchants Hospitality Inc

New York, NY, US • 500 - 999 Employees
Leisure/Hospitality

Founded in 1988, Merchants Hospitality and its Principals have owned, developed and acquired some of the most luxurious real estate and hospitality properties in the United States. With acquisitions, development and investments by Merchants in excess of $500 million, Merchants has established itself as one of the most active and well-respected investment firms in NYC. Properties include Hotels, Residential Condominiums and Restaurants. Merchants have led the development and acquisition of a vast array of assets including: the Cachet Hotel in Manhattan, the Z Hotel in Long Island City, NYC's famous Pier 15 at South Street Seaport, 1619 Broadway, and the Maplewood Luxury Senior Living residential development project on Manhattan's Upper East Side to name a few.Merchants Hospitality is also among NYC's largest privately held restaurant owners. Merchants currently operates 17 premier restaurants in NYC including Philippe Chow, off Madison Avenue, as well as the Philippe Chow at the Dream Hotel, Treadwell Park in multiple locations, Ophelia on top of the Beekman UN Hotel, Ivy Lane off Park Avenue, Merchants NY, Sugar East, Industry Kitchen, Savanna Rooftop and Merchants River House.Merchants' principals, Abraham Merchant and Richard Cohn have been industry leaders in the real estate and hospitality world for over 30 years and have been honored by multiple charities across the country. Merchants currently employees over 800 people and is headquarters at the iconic World Trade Center in NYC.Targeting investments across the entire spectrum of the "capital stack" allows Merchants and their partners flexible investing. Our value creation strategy and underwriting platform is based on the simple investment philosophy of creating the highest and best use for each asset, with a strong reliance on seasoned in-house operating professionals.