Plush hotels stay flush

From the August issue: Something rare is coming to Fifth Avenue: a new, six-star hotel. The unnamed hotel, to be built by Aby Rosen’s RFR Holding, “is one of the first luxury hotels to be built on Fifth Avenue since the 1920s,” said Mark Gordon, a principal and head of Sonnenblick Goldman’s U.S. hotel group, which is arranging financing and looking for equity and operational partners for the hotel. Six stars represent the highest level of hotel service and amenities, Gordon said. The hotel could have as many as 250 rooms, as well as residential and retail components, and will be built at the site of two or three low-rise buildings in the 40s.