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NYC Hotel Investments Latest Trends - Hospitality Investments and Developments - Equity Capital - Hotel Developers - Hotel Brands - Hotel Management
 

NYC Hotel Investments Latest Trends - Hospitality Investments and Developments - Equity Capital - Hotel Developers - Hotel Brands - Hotel Management

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Hospitality Investments and Developments, a key player in the New York City hospitality industry, focuses on that sector's latest trends in its most recent report – "NYC Hotels: Trending in Style." ...

Hospitality Investments and Developments, a key player in the New York City hospitality industry, focuses on that sector's latest trends in its most recent report – "NYC Hotels: Trending in Style." This dynamic marketplace with its strong and consistent performance over time is always a favorite with local, national, and international investors. Hotel Investors NYC

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    NYC Hotel Investments Latest Trends - Hospitality Investments and Developments - Equity Capital - Hotel Developers - Hotel Brands - Hotel Management NYC Hotel Investments Latest Trends - Hospitality Investments and Developments - Equity Capital - Hotel Developers - Hotel Brands - Hotel Management Document Transcript

    • NYC Hotels Trending in Style Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style THE LATEST TRENDS IN THE NYC HOSPITALITY INDUSTRY 3 GREEN HOTELS BOUTIQUE AND SELECT SERVICE BRANDS MIXED USE DEVELOPMENTS 3 3 4 NYC NEIGHBORHOOD HOTEL PROJECTS 5 BROOKLYN BRONX QUEENS STATEN ISLAND 5 7 8 8 FIFTH/SIXTH AVENUES 9 FASHION DISTRICT HOTEL 25-27 WEST 38TH STREET ARCHER HOTEL 9 10 11 FALL - END OF YEAR 2013 – EARLY 2014 12 VICEROY NEW YORK CITIZENM HOTEL COURTYARD BY MARRIOTT - CHELSEA HAMPTON INN MANHATTAN CENTRAL PARK MARRIOTT COURTYARD MARRIOTT - GREENWICH HYATT TIMES SQUARE SLS HOTEL NEW YORK 12 13 14 14 15 16 16 17 NYC RENOVATIONS 18 MARLTON HOUSE PARAMOUNT HOTEL THE NEW YORK PALACE THE INTERCONTINENTAL BARCLAY THE NOVOTEL LOWER BROADWAY NYLO HOTEL CROWNE PLAZA JFK 18 19 19 19 20 20 21 22 NEW BRANDS 23 TOMMIE EVEN EDITION 23 23 23 LATEST NYC HOTEL NEWS 24 LOOKING TO SELL – LONDON NEW YORK HOTEL 24 HOSPITALITY INVESTMENTS 28 Call Us 1-646-651-4554 Page 2 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style The Latest Trends in the NYC Hospitality Industry Green Hotels Currently in our environmentally-aware society, repurposed NYC landmark properties (including buildings from Lower Manhattan to Brooklyn and Harlem to the Bronx) are undergoing architectural changes and "green" renovations as these sites become destination hotels. Boutique and Select Service Brands This "attractive" hotel category is becoming increasingly popular with visitors who want to find a hotel matching their lifestyle, travel type (corporate and leisure), and budget. Call Us 1-646-651-4554 Page 3 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Mixed Use Developments Mixed use developments seem to be a recurring theme in the contemporary NYC hotel industry. Galerie 515, an 87-room hotel at 511 Ninth Avenue (between 38th and 39th Streets), should open in December 2013. Another mixed use residence-hotel is being built by New Line Structures along the far west side of Manhattan. This thriving corridor of restaurants, shops, and hotels is close to the Theater District, Times Square, the Javits Center, and Hudson Yards development as well as transportation outlets. 2013 Since the beginning of 2013, 16 new hotels with 2,500 new rooms have opened in the Big Apple. The hotel construction boom in Manhattan continued throughout the year. Page 4 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style NYC Neighborhood Hotel Projects A quarter of the projects under development are outside Manhattan. Innovative plans are underway in Brooklyn, Queens, Staten Island, and the Bronx. Brooklyn Brooklyn has distinct neighborhoods which are the site of new projects including hotels for Brooklyn Heights, the BAM Arts District, and DUMBO (an acronym for Down Under the Manhattan Bridge Overpass), as well as Williamsburg and close to the new Barclays Arena. The Sydell Group wants to construct a Freehold hotel (and create a hip atmosphere NoMad Hotel) in North Williamsburg across from the Wyeth Hotel. An unnamed 186-room, 5 suite hotel at 237 Duffield Street Downtown Brooklyn should open in late 2013. Lam Group is developing this new property next to the Hotel Indigo in downtown Brooklyn. The 27-storey green Page 5 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style building will host a bar and lounge as well as a retail space. Hotel Indigo As of August 28, Ennismore Capital, owner of East London’s affordable and hip Hoxton Hotel, closed a $17,000,000 deal with the Sydell Group, New York City-based owner, developer, and manager of Manhattan’s NoMad and Ace hotels, for an 18,000-squarefoot site at 93-97 Wythe Avenue between North 9th and North 10th streets. Public records do not indicate if brokers were involved in the transaction. Sydell had previously bought the site for $10 million in January. The Group had originally planned to develop the property but decided in the end to accept Ennismore’s attractive offer. Property Shark data points out that the site is zoned to support a hotel development of more than 36,000 square feet. If Ennismore goes in that direction, the new project would join other Page 6 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style neighborhood hotels including Two Trees Management’s Wythe Hotel at 80 Wythe Street and the King & Grove at 160 North 12th Street. As of now, Ennismore has not filed plans for a development with the NYC Department of Buildings. Since it acquired Hoxton in 2012, however, the London firm has been looking for sites in New York City as well as at home. Due to a favorable exchange rate between pounds sterling and U.S. dollars, employing foreign capital can help a developer interested in purchasing U.S. property Bronx During 2013, this New York City neighborhood had three current hospitality industry projects on the go including new hotels and renovations. One of the Bronx developments is a charming small hotel – another convenient and comfortable option that will be available for visitors to the Big Apple. An additional lodging property – a 37-room Rodeway Inn (sub brand of Choice Hotels) - opened in late May at 3070 Webster Avenue. South Bronx's 60-room boutique Opera House Hotel is the former historic Bronx Opera House. This beautiful Beaux Arts building has seen top legendary performers in the past like George Burns and Houdini. This project in The Hub Shopping District was Page 7 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style developed by The Empire Hotel Group who presently operate seven hotels in New York City. Queens The NYC borough of Queens seems to hold a tremendous appeal for both corporate and leisure visitors. Brands and boutiques appear to flourish within Queens. Rodeway Inn Staten Island Residents and visitors to Staten Island will be able to enjoy new shopping, hotel, and entertainment venues. Corporate or leisure travelers can easily access Staten Island through the ever-increasing availability of ferries and water taxi services. Call Us 1-646-651-4554 Page 8 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Fifth/Sixth Avenues Fashion District Hotel Since Gemini Real Estate Asset Management, the developer of the Gem and Jade hotels Downtown, filed plans at the end of July for a 43,342-square-foot, 19-storey, 114-room Fashion District hotel at 36 West 38th Street, no doubt plans are well underway with the approach of autumn's end. Jade Hotel Page 9 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style In January, Gemini bought the hotel site for $13.5 million from Shimshon Klugman’s Quality Capital and Shifra Hager’s Cornell Realty Management. Just six months earlier, the sellers had purchased it for $6.63 million. Gemini has Gem Hotels in Midtown, Chelsea, and Soho. Fashion District Hotel 25-27 West 38th Street Directly across from the Fashion District Hotel at 25-27 West 38th Street, Morris Moinian’s Fortuna Realty Group is developing a 30storey, 175-room franchised hotel designed by Nobutaka Ashihara. In addition to the location across the street bought by Gemini, Klugman and Hager were also the sellers in this deal. At the end of 2012, Fortuna Realty bought the site for $11.83 million. According to the Real Deal, Moinian describes West 38th Street as a "great hotel corridor a stone’s throw from Fifth Avenue.” Page 10 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Archer Hotel This luxurious Midtown Manhattan 180-room boutique hotel is slated to open at 45 West 38th Street in early 2014. Developed by the Kansas-based Lodge Works, the hotel will become home to a restaurant operated by celebrity chef David Burke. http://www.davidburketownhouse.com/ Call Us 1-646-651-4554 Page 11 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Fall - End of Year 2013 – Early 2014 Viceroy New York Viceroy Hotel Ark Investment Partners developed the 29storey, 240-room Viceroy New York at 120 West 57 Street. With its opening in Page 12 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style October, Viceroy Hotel Group brings its signature lifestyle experience to the Big Apple. This luxury hotel with its Roman and Williams-designed façade has a ton of amenities in line with the Plaza District neighborhood as well as a pool and rooftop bar. Located near Carnegie Hall, Central Park, and world-class shopping, this boutique establishment with its fine dining options should prove to be popular with discerning travelers – both corporate and leisure visitors. CitizenM Hotel CitizenM Hotel The 114-room CitizenM Hotel at 218-222 W. 50 in the heart of the Theater District was developed by Brack Capital Real Estate (the team behind the recently opened James New York SoHo Hotel.) This hotel will bring the affordable luxury of European capitals to New York City. Call Us 1-646-651-4554 Page 13 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Courtyard by Marriott - Chelsea Courtyard by Marriott - Chelsea The 20-floor, 256-room, 18-suite Courtyard by Marriott in Chelsea at 135 West 30th Street between 6th and 7th Avenues is close to amazing attractions including Bryant Park and Radio City Music Hall. Hampton Inn Manhattan Just steps from Battery Park, the river ferries, and downtown arts organizations, the 62-room Hampton Inn Manhattan opened in the Financial District at 32 Pearl Street in 2013. McSam Hotel Group LLC developed this historic property in Lower Manhattan. Call Us 1-646-651-4554 Page 14 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Central Park Marriott Opening in December 2013, the 68-storey Central Park Marriott contains two select service hotels (the 378-room Courtyard by Marriott and the 261-room Residence Inn Central Park by Marriot on 1717 Broadway at 54th Street) in one glass tower. The combination constitutes the tallest Marriott hotel in the world. Marriott International, Inc. and ownership group Granite Broadway Development have developed this multi-hotel property to be managed by Interstate Hotels and Resorts. The hotel is Central Park Marriott superbly located for all travelers and features a fitness club, bar, lounges and restaurants, as well as retail space, a conference and business center, and an outdoor terrace. Call Us 1-646-651-4554 Page 15 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Courtyard Marriott - Greenwich This 240-room hotel at Rector in Greenwich is expected to open in December 2013 bringing in even more travelers to this constantly evolving neighborhood. Hyatt Times Square Built by Extell Development, this 54-storey, 487room project at 135 W. 45th Street slated to open in January 2014 will have a long-term management agreement with an affiliate of Hyatt Hotels Street Corporation. Situated at the crossroads of business and theater, the property will feature a contemporary exterior and include 75 deluxe rooms and suites as well as full service bars, restaurants, and a fitness center. Call Us 1-646-651-4554 Page 16 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style SLS Hotel New York SLS Hotel Opening in 2014, this 190-room development at 444 Park Avenue is a collaboration between SBE, a creative hospitality company, and Manhattan-based Moinian Development as well as designer Philippe Starck. The building has an outstanding rooftop feature with a celebrated food and beverage program and nightlife. This NYC property in the heart of Manhattan's NoMad neighborhood will be the third hotel for the SLS brand along with its sites in Beverly Hills and South Beach. Call Us 1-646-651-4554 Page 17 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style NYC Renovations Marlton House BD Hotels transformed a vintage hotel building into a 105-room boutique hotel on the corner of 5th Avenue and 8th Street. Opening during September 2013, this mid-range boutique is located in the heart of Greenwich Village just blocks from Washington Square and historic Marlton House West Village sites. In 2012, BD Hotels in partnership with Sean McPherson bought the Marlton House with the intention of restoring this legendary property. The former building was known for housing famous artistic figures especially during the bohemian scene in the area. Call Us 1-646-651-4554 Page 18 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Paramount Hotel Built in the late 1920s, the 597-room room legendary Paramount Hotel has upgraded with a Paramount Bar & Grill and new event spaces. The New York Palace The New York Palace Renovations at this 813-room upscale hotel are almost finished with transformed Tower Rooms and 86 suites as well as other changes. The InterContinental Barclay This East 51st Street establishment is getting new meeting rooms and renovated guest accommodations. Call Us 1-646-651-4554 Page 19 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style The Novotel This Times Square property on Broadway is undergoing extensive transformation. Lower Broadway Kaufman Astoria Studios (New York City, New York) Commercial/Retail/Hotel Conversion Plans are underway in Lower Broadway to expand the Kaufman Astoria movie studio. This exciting renovation will include an upscale hotel and restaurant. Call Us 1-646-651-4554 Page 20 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style NYLO Hotel This 285-room (including 33 suites) renovated hotel on 2178 Broadway at 77th Street opened in October 2013. The Dallas-based boutique hotel company NYLO Hotels LLC is transforming this upper Westside Manhattan property. Following the conversion, the hotel with its three restaurants* will be reflagged as the company’s first franchise in New York City. * including the hotel's own Serafina restaurant offering Northern Italian cuisine with Italy's old-world charm and signature dishes This innovative hotel with its urban loft style will highlight original artwork commissioned exclusively for the hotel from local artists and feature a new lobby bar** and updated guest rooms and suites. The property's industrial design style is identifiable with the NYLO brand but the lobby and restaurant pay homage to the Roaring Twenties and the guest rooms evoke the essence of New York. NYLO Hotels has plans to expand further in New York State with a second location in Nyack, NY supposed to open in the Hudson River Valley during late 2014. ** LOCL Bar serves up a taste of New York's finest brews and signature cocktails. Call Us 1-646-651-4554 Page 21 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Crowne Plaza JFK The former hotel site at 138-10 135th Street in Jamaica, Queens, has been closed for five years. Yet this year, the property has undergone a complete renovation by Gemini Hospitality to become a 330-room hotel. 2016 Presently, 73 properties (55 in Manhattan, 8Brooklyn, 3-Bronx, 4-Queens, and 3-Staten Island) are in the pipeline for 2016. At least 16,000 guest rooms will be added to the NYC hospitality inventory in the next two years plus bringing the total count to 110,000 rooms in 600 distinct hotels. NYC guests will be able to enjoy additional new, practical, and comfortable accommodations. Call Us 1-646-651-4554 Page 22 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style New Brands Tommie Commune Hotels & Resorts is launching "Tommie" – a value-conscious urban brand targeting the youthful global traveler. EVEN IHG has announced a second EVEN hotel (a fairly new fitness and wellness brand) for the Big Apple. Edition Marriott has a second Edition hotel under development. As well, Marriott discussed importing the AC brand from Spain. New Market Richard Branson is bringing a Virgin hotel to Midtown. Call Us 1-646-651-4554 Page 23 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Latest NYC Hotel News Looking To Sell – London New York Hotel London New York hotel According to the Real Deal, the Blackstone Group would like to sell its leasehold interest in the 575,241- square-foot, 562-room London New York hotel at 151 West 54th Street for $500,000,000. The multinational private equity giant has tapped the commercial real estate brokerage firm Eastdil Secured to market the hotel. Blackstone has owned the property since 2004. The fee owner Page 24 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style of the site is the estate of Sol Goldman. Apparently, Blackstone pays about $3.7 million per year in rent and its lease runs for more than a century - 123 years. Blackstone bought the leasehold for the 54storey NYC hotel from Lehman Brothers for $193 million ($381,000 per room). Shortly after the sale, Blackstone struck up a new partnership with its own affiliate, Luxury Resorts, and ended the hotel operating agreement with Marriott. Luxury Resorts still runs the establishment. LXR refurbished and repositioned the property. As well, Blackstone's affiliate put $100,000,000 into a renovation under designer David Collins. The transformation was finished in 2007. Chef Gordon Ramsay operates two restaurants (Gordon Ramsey at the London and MAZE by Gordon Ramsey) at the hotel. According to reputable sources, the contract with Luxury Resorts could end after the sale of the hotel. Gordon Ramsey at the London and MAZE Page 25 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Blackstone’s global head of real estate, Jonathan Gray, explained that frequently a company's decision to sell is just symptomatic of “the nature of the closed-end fund business” where funds regularly sell off assets after their repositioning has come to completion. The decision to sell the London New York hotel came shortly after the firm made a similar announcement about their London West Hollywood hotel in Beverly Hills and tapped Eastdil for the job in April. Blackstone is also seeking a buyer for the 9,000-square-foot carriage house building at 154 West 55th Street directly connected to the hotel. The property could be converted to for-sale residential units. London West Hollywood hotel in Beverly Hills The Eastdil brokers representing the site include CEO Roy Hilton March, senior managing director Larry Wolfe, managing director Mark Schoenholtz, and director Michele Mahl. Call Us 1-646-651-4554 Page 26 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style As well as wanting to sell property, Blackstone has also been buying in the hotel industry. In fact, Blackstone Real Estate Advisors have made a deal with real estate investment trust Hersha Hospitality Trust to purchase 16 U.S. hotels for $217,000,000. U.S. Hotel Development According to retail maven Faith Hope Consolo of Douglas Elliman, the opening of a hotel – nationwide – can create an increase of between 20% and 40% in retail sales in an area. Call Us 1-646-651-4554 Page 27 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style Hospitality Investments The Hospitality Investments team has been involved primarily in hotel developments and residential developments within New York City including Manhattan and Brooklyn and beyond. Our group of key industry professionals has the ability to meet the needs of any market – whether an opportunity is best suited for proprietary luxury hotel brands, boutique hotel brands with an eye on food & beverage (F&B), or other hospitality brands. Hospitality Investments has cultivated a strong partnership with several hotel capital, branding and management companies within New York City. In addition, Hospitality Investments has projects and commitments with venture capital and private equity groups. Hospitality Investments already works with owners and developers who own and operate hotels in the New York City and beyond. In Call Us 1-646-651-4554 Page 28 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • NYC HOTELS Trending in Style addition, the company is currently developing other hotel properties projects in the area. To hire us or discuss new opportunities in New York City for Luxury & Boutique and Luxury hotel development, contact: Levi Yitzchak Executive Vice President info@hospitality-investments.com Tel. 646-651-4554 http://hospitality-investments.com Call Us 1-646-651-4554 Page 29 of 30 © 2013 Hotel Developers of New York City ̶- Hotel Developments in NYC info@Hospitality-investments.com http://hospitality-investments.com/
    • Call Us 1-646-651-4554 info@Hospitality-investments.com http://hospitality-investments.com