Cain, the privately held investment-management firm led by Jonathan Goldstein, has acquired The Dominick, an independent luxury hotel in New York City. The acquisition builds on the company’s luxury-lifestyle hospitality strategy in key global markets and includes plans to reposition the property as Delano SoHo New York.
Located in SoHo, the 390-room hotel features panoramic skyline and Hudson River views, a rooftop pool, spa, event spaces and multiple dining venues. Plans are underway for a modernization as part of its repositioning as Delano SoHo New York, introducing the brand to Manhattan for the first time.
“The global demand for authentic luxury-lifestyle experiences has never been stronger, particularly in leading gateway cities,” said Eric Poretsky, senior managing director/head, U.S. equity, 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. Our investment in this asset reflects our long-term belief in the sector and our focus on building a portfolio of distinctive properties that define their locations.”
Cain acquired a minority stake in the Delano brand in 2024 and continues to work with its majority partner, Ennismore, to drive a new wave of Delano properties as the brand expands its presence in the luxury-lifestyle hospitality sector, with additional locations under consideration across Europe, the Middle East, Asia and Central America. Ennismore will manage the property through the partnership.
