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The historic Hedges Inn in East Hampton has officially changed hands, much to the relief of local residents who were concerned about its potential transformation into a private club. The new owners, Andrew and Sarah Wetenhall, who are also part-time residents in the area, have taken over the property located at 74 James Lane.
Faena, the renowned luxury hotel group known for its unique blend of luxury, artistry, and cultural immersion, will be breaking into the Big Apple with its upcoming opening of Faena New York late this spring at Witkoff’s One High Line.
The Waldorf Astoria New York has recently announced an art partnership with renowned curator and auctioneer Simon de Pury. Images reveal a first look at the art chosen for residents located in the historic Towers. Condos in The Waldorf Astoria are for sale for the first time ever allowing residents to be a part of New York History.
Canopy by Hilton debuts in Jersey City’s thriving arts district neighborhood. This is the lifestyle hotel brand’s first location in the Greater New York City area. Jersey City is an up and coming creative neighborhood and the hotel will be the areas first elevated hub. Canopy by Hilton will be owned and developed by Panepinto Properties, The KABR Group, Three Wall Capital and Greentree Construction.
The Towers of the Waldorf Astoria recently revealed a two bedroom model residence released to the public for the first time. Two bedrooms, similar to the model residence, start at approximately $5 million and are listed with Douglas Elliman. This iconic landmark possess a storied reputation as it has held numerous epic and glamorous historical events.
SCG America and F&T Group have announced that Marriott’s Renaissance Hotels has been selected as the brand flag for the 208-key hotel within Tangram, their 1.2-million-square-foot, mixed-use development that seamlessly blends where people live, work and play as the new epicenter of Flushing, Queens.
PYE Properties has revealed their plans to restore and expand the historic Coney Island Shore Theater at 1301 Surf Avenue in Brooklyn. The theater was originally completed in 1925 has been vacant since 1973. PYE Properties plans to expand and convert the existing structure into a 7-story boutique hotel designed by Gerner Kronick + Valcarcel Architects.
Construction on the Hilton Grand Vacation Hotel in Midtown East is powering towards completion as construction teams have begun the installation of the Handel Architects-designed metal facade. When complete the hotel tower, which is being developed by Hidrock Realty, will rise 31-stories.
New renderings have been revealed for Hudson Yards Autograph Hotel by Marriott which will be located at 432 West 31st Street. The hotel tower is being developed by Arisa Realty and is being designed by Danny Forster Design Studio (DF&A).
New York City’s newest CitizenM hotel, located at 185 Bowery on the Lower East Side, has wrapped up construction and is open to the public. The hotel, which rises 19-stories and 224’, is now the tallest modular hotel in the United States and in the world.
iStar has revealed Asbury Ocean Club as the luxury condo offering as part of their $300 million transformation of Asbury Park, New Jersey. Asbury Ocean Club will be the highest-end offering as part of the mega-project and will rise 17-stories featuring 130 condos along with a 54-room hotel.
Marriott International has announced that the Rafael Viñoly-Designed Ritz-Carlton will break ground at 1185 Broadway in NoMaD. Permits were filed in 2016 with a proposed total development of 164,400 SF.
Earlier this summer the Cipriani family expanded their portfolio with the opening of Mr. C Seaport, the newest member carrying the Mr. C Hotels brand. The 66-room boutique hotel was designed by Danish architect Thomas Juul-Hansen and is located at 33 Peck Slip in the Seaport District
The Moxy Hotel is opening a second location less than a year after opening their first NYC location, Moxy Hotel Times Square located at 485 Seventh Avenue, in 2017. The Financial District outpost will featured 298 rooms and will be located at 26 Ann Street, developed by Mark Grodan and Tribeca Associates.
BD Hotels has officially opened Pod Times Square, Pod Hotels new flagship location in Times Square at the intersection of 42nd Street and Ninth Avenue (January 2018). The hotel features 665 micro-hotel rooms in addition to 45 Pod Pads, which are rental apartments available for short and long term leasing.
Caspi Development, Mactaggart Family & Partners, and Barone Management have finally broken ground on the long delayed 456 Greenwich Street hotel development in TriBeCa. The hotel will rise 8-stories, 110', and was designed by Stephen B. Jacobs with interiors by Martin Brudnizki.
Construction has officially topped out on the TWA Hotel At JFK International Airport, one year after groundbreaking on December 15, 2016. The hotel breathes new life into the adjacent iconic, 1962 Eero Saarinen-designed TWA Flight Center, which will become the hotel's lobby and will feature an museum/ exhibition space open to the public.
There has been an uber-shake-up at Trump Soho, the famous hotel-condo that opened in 2007 as the Trump Group and owner CIM Group have parted ways. The 46-story, 391-unit property was first developed by a partnership between Bayrock Group and Sapir Organization, who entered into a licensing deal with The Trump Group to brand and manage the property.
Drama is beginning to heat up at the Waldorf Astoria, which Anbang purchased in 2015 for $1.95 billion. Anbang had planned to convert the legendary hotel from 1,413 hotel rooms to both 840 hotel rooms with 409 condominiums overseen by Skidmore, Owings, & Merrill (SOM) with construction led by Aecom Tishman.
Highgate, led by Mahmood Khimji, is buying the Gansevoort Park Avenue NYC in NoMaD a deal worth nearly $200 million. The deal equates to around $800,000 per key for the upscale hotel located at 420 Park Avenue South
Could another shake-up becoming to the New York hospitality industry? Earlier this summer rumors began to surface that Standard International, the hospitality firm founded by hotelier Andre Balazs, which originally bought out The Standard, High Line from other investors in 2014 for $400 million, is in late-stage talks to unload the asset.
Barry Sternlicht’s Starwood Capital Group is investing $250M to acquire a 30% steak in YOTEL, a chain of affordable "pod" style hotels in New York City, Boston, Paris Charles de Gaulle Airport, London Heathrow, London Gatwick, Amsterdam Schiphol; with San Francisco and Singapore opening this year (2017).