NEW YORK
Hyatt Hotels Corporation announced that a wholly-owned Hyatt subsidiary acquired 100 percent of the 210-room Park Hyatt New York for approximately $390 million, inclusive of pre-opening and related costs. Park Hyatt New York is expected to open later this month.
“With its prominent location in one of the world’s most important markets and its elegant aesthetic, Park Hyatt New York will have a meaningful impact on the visibility and reputation of the Park Hyatt brand,” said Steve Haggerty, Global Head of Capital Strategy, Franchising and Select Service, Hyatt Hotels Corporation.
The opening of Park Hyatt New York will mark an important milestone for the Park Hyatt brand as it continues to expand in the world’s prominent gateway cities and resort destinations. Located within the 90-story glass tower that also houses One57, one of New York City’s most luxurious condominium residences, the flagship location was designed by Pritzker Prize-winning architect Christian de Portzamparc and developed by Extell Development Company.
With interiors designed by award-winning interior design team Yabu Pushelberg, Park Hyatt New York offers serious luxury in the heart of Midtown. Situated between 6th and 7th Avenues on West 57th Street in Manhattan, the hotel is located within walking distance from Central Park, and situated across from the historic Carnegie Hall.
