Young hotelier to open Garment District spot

Oct.October 29, 2009 07:36 PM


Steven Kassin
When Fashion 26 opens its doors this December, one young hotelier may have white knuckles: The spot is the first that Steven Kassin, the 24-year-old Infinity Group principal, has led from start to finish.

“It’s my baby,” Kassin said of the Garment District hotel at 152 West 26th Street, on the corner of Seventh Avenue. “I’m young and I can’t afford to mess up.”

Kassin, who’s been working with the Infinity Group since graduating with his bachelor’s and master’s degrees from New York University at age 20, is heading up the $90 million project, in partnership with CPI, Citigroup’s real estate private equity group. Rooms start at $275 per night.

In planning 280-key Fashion 26, a Wyndham-brand hotel, Kassin said he tapped the history of the Garment District, where his father operated a family business.

Kassin said the Garment District hasn’t received a great deal of attention from developers: “We found this to be a great opportunity to theme [the hotel] to the history of the neighborhood.”

He’s in talks with the head of Crumbs Bake Shop, a close friend, to create specialty cupcakes that pay homage to great fashion designers. Each guest will receive one upon check-in because, as Kassin said, “It’s good to have something sweet when you arrive.”


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
David Dinkins (Getty)

Dinkins is gone, but his real estate legacy lives on

Dinkins is gone, but his real estate legacy lives on
48-00 Grand Avenue in Maspeth and Prologis CEO Hamid Moghadam (Google Maps; Prologis)

Prologis picks up Maspeth parcel for $51M

Prologis picks up Maspeth parcel for $51M
Gov. Andrew Cuomo and City Council member Mark Levine (Getty; City Council)

Manhattan, Staten Island enter lockdowns, but is it enough?

Manhattan, Staten Island enter lockdowns, but is it enough?
11 Penn Plaza and Apple CEO Tim Cook (VNO; Getty)

Apple snags more space at Vornado’s 11 Penn Plaza

Apple snags more space at Vornado’s 11 Penn Plaza
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
arrow_forward_ios

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

Loading...