Monday, April 29, 2024

N.Y. firm buys in as investor in Richmond’s Quirk Hotel

RICHMOND, Va. — A work of the Quirk Hotel has been divvied out to a firm from the Big Apple.

Mercer Street Partners just lately purchased a minority possession stake in the 73-room boutique lodge at 201 W. Broad St.

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The deal, finished final fall, offers New York-based Mercer Street a stake in each the lodge’s trade and its actual property, alternatively the quantity invested was once now not disclosed.

Katie and Ted Ukrop, who opened Quirk in Monroe Ward in 2015, stay the lodge’s majority house owners.

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