Cain Acquires The Dominick Hotel in New York City
OCTOBER 14, 2025, NEW YORK – Cain, the privately held investment-management firm led by Jonathan Goldstein, has acquired The Dominick, one of New York’s leading independent luxury hotels. The acquisition builds on Cain’s luxury-lifestyle hospitality strategy in key global markets and includes plans to reposition the property as Delano SoHo New York.
Cain manages a diverse real estate and brand portfolio spanning urban centers and resort markets, with holdings in major gateway cities and renowned leisure destinations including New York, Boston, Miami, Palm Beach, Beverly Hills, London, and Courchevel 1850. The firm introduced the first Raffles-branded hotel and residences to North America with Raffles Boston and is delivering One Beverly Hills, one of the largest urban mixed-use developments currently under construction in the United States. Cain also owns Delano Miami Beach and is overseeing its comprehensive restoration ahead of a planned reopening in early 2026.
Located in SoHo, The Dominick is a 390-room hotel featuring panoramic skyline and Hudson River views, a rooftop pool, spa, event spaces, and multiple dining venues. It is the neighbourhood’s only independent AAA Five Diamond hotel. Plans are under way for a thoughtful modernization as part of its repositioning as Delano SoHo New York, introducing the brand’s signature blend of design, culture, and hospitality 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 of US 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. 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, the creative lifestyle hospitality company rooted in culture and community, will manage the Delano SoHo New York through the partnership.