Marriott Plans $500 Million Hotel and Residences Tower in NYC

Jul 31, 2018
News

Marriott announced an agreement to develop a $500 million The Ritz-Carlton hotel and residences tower in New York City’s NoMad neighborhood. The landmark project is slated for Broadway and 28th Street.

The resulting property is more than 500 feet high and provides views of the Empire State Building and downtown Manhattan. A fine-dining restaurant, Club Lounge, The Ritz-Carlton Spa and rooftop bar are planned, in addition to a large public garden and open terraces. Meeting and event space includes two ballrooms. The hotel, with 250 guestrooms and 16 branded residences, opens in 2021.

“We are thrilled to be working with Flag Luxury Group to bring this significant project to the NoMad area. Thanks to buzzing restaurants and bars, unique retail and notable architecture, NoMad has become one of Manhattan’s most popular neighborhoods,” said Tony Capuano, executive vice president and global chief development officer, Marriott International. “This signing speaks to the strong demand we are experiencing for luxury hospitality and branded residences.”

“The Ritz-Carlton New York, NoMad, is set to become the epicenter of one of New York City’s most exciting neighborhoods and we are thrilled to be collaborating with Marriott International on this iconic project,” added Dayssi Olarte de Kanavos, president, Flag Luxury Group, the luxury hospitality development firm on the project. “The hotel and residences tower will have an ideal location and sophisticated design, complemented by the celebrated Ritz-Carlton service.”

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