Tag: Hotel DevelopmentsView All Tags
Hotel Developments / Lam Group Hotels / Le Meridien Hotels / Virgin Hotels / Aloft Hotels / Manhattan Hotels / → All Tags
When we recently attended the grand opening of Hotel Indigo Brooklyn we nodded our heads when someone made the cheeky comment that Duffield Street (home also to the Sheraton Brooklyn and the Aloft Brooklyn) should be renamed Lam Street. They had a point, but the Lam Group's development vision can not be confined to one Brooklyn street. Oh no, they are all over the city, with two Aloft hotels under construction (in the Financial District and in Long Island City); a Four Points in the Financial District, and a five-block patch of Midtown Manhattan that will soon see a Virgin Hotel , the next door Le Meridien Midtown Manhattan and something only known as the Chelsea Full Service Hotel Project at 112 West 25th Street.
Manhattan Hotels / New York Hotels / New Hotels / Hotel Developments / Hotel Construction / SLS Hotels / Hotel Restaurants / → All Tags
While anxiously awaiting the opening of Sam Nazarian's new SLS New York (coming
mid-2013 2014) we decided to take a quick peek at the site at 444 Park Avenue South.
The Philippe Starck-designed 190-room hotel claims to be "bringing new restaurant and nightlife concepts and an exclusive rooftop experience to bring something truly dynamic, vibrant and timeless to the community." Of course, it's difficult to discern much under all that scaffolding, but it does look like something interesting is going on up on the roof.
When we think of "crowdfunding" we usually associate it with throwing in a few bucks to support our friends' short films or art projects. Lucky, then, that we're not friends with Rodrigo Niño, CEO of New York real-estate company, Prodigy Network, because he's looking to raise $31 million in equity for his company's hotel project: $100,000 at a time.
Prodigy Network actually have a successful track record at this novel approach to hotel development: they previously raised $171 million in $20,000 increments for a mixed-use skyscraper development that is currently under way in Bogotá, Colombia.
Well, it looks like Austin does have room in their hearts—and their wallets—to accommodate the $4.3 million break in development fees for Austin's newest mega-hotel, a 1,003-room Marriott Marquis. The Austin City Council decided on Wednesday that an influx of steady jobs, the reliable hotel tax base, and new lodging (the city is home to several conventions and trade shows, not least of which is the wildly popular South By Southwest) would outweigh the inconveniences of construction.
An article by the Statesman alluded to another major hotel construction project also commencing in Austin, this time by Manchester Financial Group (Grand Del Mar, San Diego Marriott Hotel & Marina)—so it looks like Austin will be treated to some dueling convention hotel action over the next few years! The Marriott Marquis' developer, White Lodging Services, however, has an impressive portfolio of 162 various iterations of the Marriott and Hilton brands. So we're not too surprised we learned of their project before Manchester's.