The Real Deal New York

Posts Tagged ‘1 hotel’

  • 1-Hotel-South-Beach1

    1 Hotel South Beach in Florida (inset: Barry Sternlicht and Dustin Stolly)

    From the South Florida website: Starwood Capital Group, LeFrak and Invesco, which completed 1 Hotel South Beach earlier this year, have closed on a $250 million refinancing.  [more]

  • 1 Hotel Central Park NYC

    From left: Rendering of 1 Hotel Central Park (credit: Gwathmey Siegel Kaufman), Barry Sternlicht and Dustin Stolly

    Starwood Capital Group obtained $125 million in refinancing for the new 1 Hotel Central Park, which opened last month, The Real Deal has learned. [more]

  • 1 Hotel and developer Richard LeFrak

    1 Hotel in Miami Beach and Richard LeFrak

    From the South Florida website: 1 Hotel, the 426-room joint venture between Starwood Capital Group’s Barry Sternlicht and developer Richard LeFrak, opens Wednesday. [more]

  • From left: Robert Toll, Barry Sternlicht and renderings of the development (credit: Mayor's office)

    Recent press speculations and predictions have been confirmed: Mayor Michael Bloomberg’s office today announced the selection of Toll Brothers and Starwood Capital Group to develop a 550,000-square-foot complex at Pier 1 in Brooklyn Bridge Park, which will include a 200-room luxury hotel and 159 residential units. The hotel and residential complex will rise 10 stories, and there will be a separate five-story residential building, a city press release says. [more]

  • With fewer hotel rooms under construction, hotel developers hope the reduction in new rooms will help to revive the hospitality industry.

    The October 2009 STR/TWR/Dodge Construction Pipeline Report noted that the total active U.S. hotel development pipeline includes 4,089 projects comprising 435,265 rooms.

    This represents a 32.7 percent decrease in the number of rooms in the total active pipeline — which includes projects in the construction, final planning and planning stages, but not in the pre planning stage — compared to October 2008.

    “The number of rooms in construction fell 41.2 percent from the same time last year,” said Duane Vinson, vice president at STR. A number of planned hotels have ground to a halt in Manhattan including the Lower East Side’s 180 Ludlow Street.