The Top 5 Largest Hospitality Project Investments in New York City
No city is as iconic as New York City, the template for what hotel owners and operators in the industry consider upscale and true luxury
In the global hospitality industry, no other city is iconic as New York City. In many ways, that city and its style have set the template for what the hotel owners and operators in the industry consider to be upscale and true luxury.
Although the golden age of hotels in New York is likely sometime during the post war part of the twentieth century (at least in terms of the iconic style we now associate with New York City hotel stays), the city has really never stopped adding new luxurious hotel properties that are among the best in the world. With that in mind, it's important for the savvy hotel owner and operator to stay aware of some of the most high profile projects in New York City, to see what trends are being set, especially in the upscale and luxury spaces.
Let's take a look at five of the top projects according to the TOPHOTELCONSTRUCTION database that are currently in the pipeline in New York City in terms of the money that's being invested:
POD Brooklyn – $70 Million – Projected Opening 2017
Located in the heart of trendy Williamsburg, off the corner of Driggs and Metropolitan, Pod Brooklyn will be just steps away from lively Bedford Avenue, which has attracted national brands such as Apple and Equinox, and is also home to local favorites such as Parm, Fette Sau, St. Anslem, The Commodore and more. This hotel, which is currently in the pre opening phase, is just a short walk to the Bedford L subway and East River ferry [READ MORE…]
Ace Hotel New York – $50 Million – Projected Opening 2nd Quarter 2018
This project involves the renovation of a 10-story building on the Bowery on the Lower East Side of Manhattan. The addition of three floors will transform the existing building into a new micro hotels with amenities such as a lobby, a 130-seat restaurant, a roof-top bar and fitness center, and top-floor guestrooms with balconies that offer iconic New York City views [READ MORE…]
Moxy Hotel Manhattan / Financial District – $40 Million – Projected Opening 2nd Quarter 2018
No brand is hotter or trendier in the United States right now than Moxy, and with this project, it will come to the famous Manhattan / Financial District area of New York City [READ MORE…]
Conrad New York Midtown – $329 Million – Projected Opening 2nd Quarter 2019
Once finished, this hotel refurbishment will have 562 rooms, and it will be rebranded from the London NYC hotel to the Conrad New York Midtown, undergoing a complete transformation of all its guestrooms, corridors, public spaces and vertical transportation systems, while also introducing a new upscale dining concept along with 24-hour in-room dining, a state of the art fitness facility and a 4,798 square foot adaptable meeting space [READ MORE…]
HotelProject Chelsea – $147 Million – Projected Opening 1st Quarter 2019
With 522 rooms and 45 stories, this hotel is one of the tallest buildings in Chelsea, made possible by the air rights that came with the property. The hotel's façade is a unique mix of brick and metal, with the materials changing ever so slightly every two floors in response to the high visibility. This project will also boast 2,300 square feet of restaurant and lounge space as well as office and fitness centers [READ MORE…]
Anyone attending the next TOPHOTELPROJECTS World Tour event in New York on November 15th can visit the different Hotel Projects! Get your tickets here.
Jule Grass
Marketing Manager
+49 4261 4140 309
TOPHOTELPROJECTS
