Industry Update
Press Release26 June 2015

Début Hotel Group Signs Agreement For Time Hotel Nyack

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Time Hotels™

NEW YORK -- Début Hotel Group, Hampshire Hotels Management's visionary collection of lifestyle hotel brands, today announced the signing of an agreement with boutique development house WY Group for the newly-constructed 133-room Time Hotel Nyack, located at 400 High Avenue, Nyack, N.Y.

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Expected to open this fall and built in an industrial loft style within a former factory, the hotel features sweeping views of the Hudson River and Tappan Zee Bridge, seven suites, approximately 3,500 sq. ft. of meeting and event space, a business center, recreational dipping pools, a state-of-the-art fitness center, a bike program, local shuttle services and a Tesla charging station. Additionally, the hotel will offer a vibrant lounge and dining scene yet to be announced.

Nestled in one of Hudson Valley's most scenic locations, the hotel is less than a mile from downtown Nyack, with its established art and culinary scene, as well many other regional attractions. The property is also situated near numerous corporate giants, which have earned the area the title of "Billion Dollar Mile."

"Having just reinvented our Time Hotels brand, we are very pleased to debut the Time Nyack, just a short distance, but a world apart, from our flagship Time New York Hotel," said Eric Danziger, president and CEO of Début Hotel Group and Hampshire Hotels Management. "We are excited to partner with developers Michael Yanko and Kerry Wellington of WY Group to deliver an exceptional, distinctive experience to travelers looking for both a progressive and refined lodging experience."

The hotel is expected to host travelers from the New York Metro area, New Jersey and around the Mid-Hudson Valley who are looking to take in the area's cultural offerings of street fairs, farmers markets and art walks as well as a mix of corporate and consortia guests.

"Having worked in Nyack intimately for years, we are excited to partner with Début Hotel Group and Hampshire Hotels Management to bring the first-ever lifestyle hotel to the Rockland area," Yanko said.

Wellington added, "We are filling a void that has been missing from the area and are honored to be partnering with such an experienced and exciting brand."

Construction financing on the project is provided by Procida Funding and Advisors.

About WY Group

WY Group is a boutique residential and hospitality development house headquartered in New York City. The WY team is committed to developing unique projects with cutting edge design, ultimately realizing their potential. The WY Group principals have developed more than 1.1 million square feet of residential and hospitality properties since the company's inception. For more information visit wymgmt.com.

About Time Hotels

In 1999, Hampshire Hotels Management opened The Time hotel in the heart of Times Square, New York. As part of the company's multi-tiered brand development strategy, Début Hotel Group transformed The Time into an upper-upscale brand named Time Hotels that caters to a clientele looking for progressively designed spaces and forward-thinking dining options in centrally located cities. The Time brand offers travelers an urbane lifestyle product with a refined edge. Sidestepping the raucous nightclub scene, its properties feature a more sophisticated lounge feel. Boutique in its ethos regardless of room count, Time offers a more evolved perspective on the lifestyle hotel movement.

About Début Hotel Group

Launched this year by Hampshire Hotels Management, LLC and helmed by industry icon Eric A. Danziger, Début Hotel Group represents a sea change in the hospitality space by making fresh lifestyle experiences available to every traveler and hotel developer. The Hotel Group represents five distinct brands: Augustus Hotels, Time Hotels, Dream Hotels, Night Hotels and Unscripted Hotels. Founded on the philosophy that forward-thinking design, service and guest experiences should be available in every market segment, Début Hotel Group is committed to offering travelers an authentic connection to their chosen destination through an out-of-the-box approach. Additional information can be found at www.debuthotelgroup.com.

About Hampshire Hotels Management, LLC

A leader in managed properties worldwide, Hampshire Hotels Management, LLC manages a diverse portfolio of hotels across the United States and abroad through third-party management contracts and the expanding Début Hotel Group portfolio. Founded in 1986 by Sant Singh Chatwal and led by President and CEO Eric Danziger, the New York-based company oversees the development and expansion of Hampshire's proprietary lifestyle brands that include Augustus Hotels & Resorts, Time Hotels, Dream Hotels, Night Hotels and Unscripted Hotels as well as The Chatwal New York and other trusted marks from top global hospitality players.

The company's strong brand relationships with leading hotel franchises such as Starwood Hotels and Resorts, Leading Hotels and Resorts, Preferred Hotels and Resorts, Wyndham Hotel Group, Fairmont Hotels and Resorts and Hilton Worldwide strengthens its ability to achieve its growth potential and expand its portfolio in the four- and five-star franchised hotel market. Hampshire Hotels Management, LLC's corporate offices are located at 200 West 55th Street, New York, NY. Additional information about Hampshire Hotels Management can be found online at www.hampshirehotels.com.

Related Brand

The Time Hotels™

Time Hotels is a nod to Dream Hotel Group's lifestyle roots. As an upper upscale lifestyle brand on the cusp of luxury, it caters to a clientele looking for progressively designed spaces and forward-thinking dining options without a more refined approach.
brand information
Other Brands by Dream Hotel Group
Dream Hotels
The Chatwal Hotel
Unscripted™ Hotels
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