The Real Deal New York

Posts Tagged ‘yotel’

  • renderings

    Renderings of 860 Washington Street in the Meatpacking District and 646 Lorimer Street in Williamsburg (credit: AAI Architects and CetraRuddy)

    Megalith Capital Management and Urban Realty Partners’ Dumbo condo conversion and Property Group Partners and Romanoff Equities’ new Meatpacking District rental building are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

    Comments
  • 400 West 42nd Street

    A pair of developers is moving forward with plans to build a 510-room pod-style hotel project in Times Square, filing plans to demolish three low-rise buildings near the corner of West 42nd Street and Ninth Avenue to make way for a 28-story tower. Developers the Friedman Group and Landis Group are partnering to build the 220,000-square-foot project at 400 West 42nd Street on parcels they acquired for about $80 million before the market collapsed, Robert Friedman, a principal with the Friedman Group, told The Real Deal. [more]

    3 Comments
  • From left: Yotel entrance and a room in the Pod Hotel on East 51st Street

    A new breed of hotels featuring small, inexpensive rooms is expanding in New York City to serve its ever-expanding tourism industry, the New York Times reported. What started with the opening of BD Hotels’ 345-room Pod Hotel, at 230 East 51st Street, in 2007, and continued with the 669-room Yotel’s opening last year at 42nd Street and 10th Avenue, is becoming a growing trend. BD Hotels is planning to open a second Pod hotel with 366 rooms later this month in the old Allerton House at 145 East 39th Street. Over the next two years citizenM will open hotels on West 50th Street in Times Square and 185 Bowery in Nolita. [more]

    1 Comment
  • Related gets $263M for Yotel space

    June 13, 2011 04:37PM

    Yotel, the European pod hotel chain that made its U.S. debut in Hell’s Kitchen this month, paid $263 million for its brand new digs in the Related Companies’ MiMA tower at 440 West 42nd Street. According to a deed filed today with the city, Related transferred the MiMA commercial condominium that Yotel now occupies on June 1. Yotel officially opened its doors two days later. The 669-room hotel, of which The Real Deal architecture columnist James Gardner is not a fan, offers guests 170 square feet of space in exchange for around $150 per night. Making up the rest of MiMA’s 60 stories are 500 rental units, 151 condos, 23,000 square feet of amenities and 13,000 square feet of retail space. TRD

    Comments
  • Trump, Starwood scope out JFK hotel plan

    February 24, 2011 09:03AM

    Andre Balazs isn’t the only big-name hotelier with his eye on the Port Authority of New York & New Jersey’s boutique hotel project at John F. Kennedy International Airport. The Wall Street Journal dropped a few more hints today as to who might soon be jockeying for the opportunity to build a 150-room hotel adjacent to Eero Saarinen’s Trans World Airlines Flight Center, among them: Donald Trump, Starwood Hotels & Resorts and pod hotel owner-operator Yotel. … [more]

    Comments
  • A look at Yotel coming to Times Square

    February 07, 2011 01:50PM

    In the video above, the Wall Street Journal takes a look at Yotel, which will be debuting its first U.S. outpost — Yotel Times Square West, a $300 million 600-room hotel at 42nd Street and 10th Avenue — April 15. A European company with 170-square-foot pod-like rooms, Yotel plans to charge $200 to $225 a night including a continental breakfast.
    1 Comment
  • Yotel gets conditional approval from CB4

    October 14, 2010 01:00PM

    Community Board 4′s liquor licensing committee gave its conditional support Tuesday to Yotel, a European hotelier known for its “pod” rooms, which hopes to open a social space on the fourth floor of its 669-room hotel at 570 10th Avenue and 42nd Street, next spring. While Yotel’s request to serve alcohol on its terrace until 3 a.m. falls beyond the time normally approved by the board, the committee gave its support to the application, DNAinfo reported. “We’re not talking about a peaceful, bucolic place that’s going to be intruded on,” Joan Castagnone, secretary of the tenants association at the Manhattan Plaza residential tower, said of West 42nd Street. Since the location is the noisiest spot in Manhattan, much of the music and sounds coming from the Yotel terrace will be masked, according to an acoustics expert who was at the meeting. To maintain the support of CB4′s liquor license committee, Yotel must keep the doors separating its indoor space from the terrace closed after midnight Sundays through Wednesdays, and 1 a.m. Thursdays through Saturdays, to limit the flow of noise. They must also submit a security plan and soundproofing details before CB4′s next meeting Nov. 3. [DNAinfo]

    [more]

    Comments
  • From the creators of European airport “pod” hotels comes what could be the city’s largest hotel opening next year. Yotel, which launched three years ago by offering four-hour hotel stays to business travelers, is opening a 669-room hotel on 42nd Street and 10th Avenue. The 25-story tower, at the site of the Related Companies’ $800 million West Side residential complex, will cater to a somewhat less transient crowd. Not to be confused with the Pod Hotel at 230 East 51st Street, which caters to a younger clientele with bunk beds offered up for less than $100 per night, rooms at the new Yotel will be twice the size of Yotel’s airport pods and will cost between $200 and $250 per night. Yotel partners Simon Woodroffe and Gerard Greene said longer-term hotels have always been in their plans — their $285 million deal with Related was signed more than two years ago — but they’ve made mistakes, particularly in construction, as their company has grown. They said New York’s Yotel, which was designed by Rockwell and is already half-built, will cost £20,000 — around $27,054 — per room to build. IFA Hotels & Resorts backed the project and Woodroffe and Greene said their investment will have paid off within six to seven years’ time. [Financial Times]

    Comments
MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News