Developer to Donate Portion of SoHo Hotel Revenue to Anti-Poverty Group
(DNAINFO) Danielle Tcholakian | January 14, 2016 — Ray Rosen, one of the city’s most powerful developers, will donate a percentage of room revenue from his new hotel at 11 Howard St. to the Global Poverty Project.
The $180 million boutique hotel at the corner of Howard and Lafayette streets is expected to open in March, a representative for Rosen’s company, RFR Realty, said.
The deal was first reported by the Wall Street Journal.
The representative declined to say what the percentage will be, citing an agreement with the charity “not to disclose specifics of the partnership.”
The Global Poverty Project’s stated mission is to “end extreme poverty by 2030.” It has offices in New York, London, Melbourne and Toronto and its “campaigns” consist of two festivals and a fundraising drive for several other charities, according to its website.