Manhattan’s biggest hotel project this year? It’s a tie

Sam Chang and David Marx share No. 1 spot and claim four of the top 10

New York /
Dec.December 24, 2019 04:00 PM
A rendering of 450 11th Avenue with David Marx of Marx Development Group (left) and 350 West 39th Street with Sam Chang (Credit: DSM Design Group and Gene Kaufman Architect)

A rendering of 450 11th Avenue with David Marx of Marx Development Group (left) and 350 West 39th Street with Sam Chang (Credit: DSM Design Group and Gene Kaufman Architect)

The biggest Manhattan hotel developments under construction this year will add about 4,400 rooms. Most of those projects, perhaps unsurprisingly, are smack in the middle of the island.

Standouts on the list — which ranks projects based on number of rooms — are Sam Chang’s McSam Hotel Group and Marx Development Group, with two apiece. And the Big Apple is poised to get its first Virgin- and Hard Rock–branded hotels, developments that will add nearly 1,000 rooms combined. Here are the details.

Source: NYC & Company report of hotels under construction, as of Nov. 1, 2019. 

1 and 2. (tie) A hotel at 450 11th Avenue and the Marriott TownePlace Suites/SpringHill Suites at 140 West 28th Street in Chelsea tied for the No. 1 spot with 531 units each. The 11th Avenue project, from David Marx’s development firm, will sit across the street from the Javits Center, stand 43 stories tall and measure about 213,000 square feet. The Chelsea project, from McSam, will rise 46 stories tall.

3. The 520-key Hyatt Place at 350 West 39th Street also is a Sam Chang development. Earlier this year he refinanced the Garment District hotel with a $160 million loan from Deutsche Bank. The new Hyatt, which is already open, stands 25 stories tall.

4. The Arlo Midtown, at 351 West 38th Street, is next to Chang’s Hyatt Place development. The Arlo comes from London-based Quadrum Global, which in 2014 partnered with Chang to acquire the now-subdivided lot where the projects are being built. The Arlo is to have 490 keys.

5. With 460 rooms, the 38-story Virgin Hotel Project at 1225-27 Broadway in NoMad features a glass curtain wall. The Lam Group is the developer and Stantect is the architect behind the project, which also has retail at the base. The the first Virgin hotel in New York City, it is slated to open in 2020.

6. The Hard Rock Hotel New York at 151-159 West 48th Street in Midtown will have 445 rooms. Rising 37 stories, the Extell Development project will be the city’s first Hard Rock–branded hotel.

7. At 461 West 34th Street, the recently-opened Courtyard by Marriott Midtown West is another Hudson Yards-area hotel from Marx. It has 399 rooms and ground-floor retail. Standing 29 stories, the hotel is owned and managed by Endeavor Hospitality Group.

8. The 350-key Waldorf Astoria New York is undergoing a major redevelopment. Located at 301 Park Avenue, the famed hotel is receiving a $1 billion makeover from Anbang Insurance Group, which is converting a portion of the hotel’s rooms into luxury condominiums. The developer is focusing on returning the hotel to its original state and drawing in foreign buyers.

9. The Riu Plaza in Times Square, from developer Tribeach Holdings, will have 343 rooms at 145 West 47th Street. The 27-story project will have a parking garage as well.

10. With 341 rooms, the Renaissance New York Chelsea Hotel comes from Jeffrey Lam’s Lam Generation. In 2017, the developer sued its neighbors, Edison Properties and the Kaufman Organization, to gain access to the building next door so it could continue to construct its 40-story hotel. Lam acquired the site, 112 West 25th Street, from Extell for about $68 million in 2013. It’s slated to open in January.

Write to Mary Diduch at [email protected]


Related Articles

arrow_forward_ios
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
(iStock)
Overbooked Hamptons hotels spark bidding wars
Overbooked Hamptons hotels spark bidding wars
Lexington Hotel at 511 Lexington Avenue (Google Maps)
NYC hotels getting busier, but still struggling
NYC hotels getting busier, but still struggling
Andrew Farkas of Island Capital and 511 Lexington Avenue (Island Capital, Google Maps)
Farkas buys Lexington Ave hotel for $185M
Farkas buys Lexington Ave hotel for $185M
Eyal Ofer, 444 Park Avenue South and David Moin (Ofer/Wikimedia, Google Maps, Getty)
Mondrian Park Ave hotel looks to negotiate a lifeline
Mondrian Park Ave hotel looks to negotiate a lifeline
 Assembly member Karines Reyes, Andrew Cuomo and Sen. Michael Gianaris (Getty)
Bill to fund hotel and office conversions heads to Cuomo’s desk
Bill to fund hotel and office conversions heads to Cuomo’s desk
Sen. Michael Gianaris (Getty, iStock)
Hotel, office conversion bill advances with deadline at hand
Hotel, office conversion bill advances with deadline at hand
102-05 Ditmars Blvd (Google Maps)
Queens hotel wins massive tax reduction
Queens hotel wins massive tax reduction
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...