**Cain Acquires The Dominick Hotel, Set to 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 Lower Manhattan’s SoHo and Hudson Square neighborhoods. The property is slated for a comprehensive renovation and will be rebranded as Delano SoHo New York — a luxury lifestyle condo hotel. The transformation will include upgraded guestrooms, new food and beverage destinations, and enhanced 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 facilitate the acquisition and redevelopment, Madison Realty Capital and Newbond Holdings have originated a $180 million loan to Cain affiliates. This move follows Cain’s acquisition of a minority stake in the Delano brand in 2024.
The rebranding of The Dominick into Delano SoHo New York marks Cain’s strategic expansion into high-end, lifestyle-focused hospitality in one of Manhattan’s most vibrant neighborhoods.
