The Time Nyack Hotel, the upscale, loft-style inn right off the thruway, has been acquired by IMH Financial Corporation, a real estate finance and hospitality investment company based in Scottsdale, Arizona.
The group plans to enhance the entire hotel with a refreshed look at the property’s culinary offerings and the debut of a new rooftop experience to showcase the view of the Hudson River and newly built Mario Cuomo Bridge.
IMH Financial Corporation Chairman and CEO Lawrence Bain added, “There’s significant gratification and pride in being part of the acquisition of the Time Nyack hotel.”
Beyond being a hotel, the Time currently offers the public an on-site steakhouse operated as BV Grill, an offshoot of the well-known Bobby Vans Steakhouse, an outdoor bar and pool deck, and more than 3,000 square feet of event space.
