Lightstone Breaks Ground On 348-room Moxy Hotel Development In Nomad
The lifestyle hotel, developed in partnership with Marriott, is set to open on 28th Street in 2018
Lightstone, a national real estate investor/developer, announced today the groundbreaking of a 348-room hotel development in NoMad, which is one of four Moxy hotels it is developing in New York City, in partnership with Marriott. The development is projected to be completed by in 2017.
New York, N.Y. -- Lightstone, a national real estate investor/developer, announced today the groundbreaking of a 348-room hotel development in NoMad, which is one of four Moxy hotels it is developing in New York City, in partnership with Marriott. The development is projected to be completed by in 2017.
Located at 105 West 28th Street, the Moxy NoMad will contain 34 stories and include lively, public spaces, including: a ground and second floor restaurant, bar, lounge, café, collaborative workspaces and a fitness center. The hotel will also feature a rooftop bar and lounge with unparalleled views of the city and Empire State Building.
These energized and socially-activated public spaces are an essential part of Moxy's overall aim to be a fresh, bold, energetic and affordable lifestyle hotel with smartly designed and technologically advanced rooms. Strategically catered to the needs and preferences of millennial travelers, Moxy is an affordable and accessible hotel option with the soul of a boutique hotel.
Lightstone has four Moxy's under development in New York City totaling approximately 1,500 rooms. This includes the brand's 618-room flagship U.S. property already under construction in Times Square and opening in the spring of 2017. Lightstone is developing seven Moxy properties across the U.S., with one in South Beach, Miami, two in downtown Los Angeles, and one in West Hollywood.
"We continue to be energized by the progress we are making with our Moxy developments in partnership with Marriott, the world's premier hospitality company," said Mitchell Hochberg, President of Lightstone. "We are confident that affordable lifestyle hotels are an answer to the current and future needs of travelers, especially millennials. The groundbreaking of our NoMad location is just one of many exciting announcements we have in the pipeline for Moxy."
About Lightstone
Lightstone is one of the most diversified privately held real estate companies in the United States. Active in 24 states across the country, Lightstone develops, manages and invests in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 132 existing properties nationwide, Lightstone's over $6.5 billion portfolio currently includes over 4 million square feet of industrial, retail, and commercial properties, over 15,000 residential units, and 4,300 hotel keys. Headquartered in New York City, Lightstone continues to grow its development portfolio with over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.
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