The Real Deal New York

Brazilian investors look to bring luxury hotel to 57th St. corridor

Fasano family and other investors in talks with starchitect Rafael Vinoly
September 11, 2014 08:30AM

A new luxury hotel is coming to billionaire’s row.

A group of Brazilian investors that includes construction company JHSF Participacoes S.A. and the Fasano family — a major player in the hospitality and restaurant sectors in Brazil and Urugay — is looking to build a hotel tower on the vacant lot at 16 West 57th Street, according to the New York Daily News. The Fasano-branded property would also include some condominium units.

The Daily News reported that the investors, who bought the site for $95 million last month from Extell Development, are in talks with starchitect Rafael Vinoly for the building’s design. [NYDN] — Claire Moses