CHICAGO, IL – Hyatt Hotels Corporation and Extell Development Corporation have unveiled plans for the Park Hyatt New York with a new construction plan designed by Pritzker Prize-winning architect Christian de Portzamparc.
“Because New York is such a critical market, this hotel will be a milestone for the brand’s development in terms of both representation in a key market and global visibility, two key drivers of brand preference for guests and owners alike," said Steve Haggerty, global head of real estate and development for Hyatt.
A Hyatt subsidiary and Extell have formed a joint venture that will acquire the hotel upon its completion, subject to the completion of certain contractual milestones.
This news follows the announcement that Hyatt will build two new hotels in New York with developer Hersha.
Park Hyatt New York will be located at 157 West 57th Street between Avenue of the Americas and Seventh Avenue, across from Carnegie Hall. Slated for completion in 2012, the 210-room hotel will be part of a 90-story mixed-use tower that will also feature 135 Thomas Juul-Hansen-designed luxury condominiums with sweeping views of Central Park and the New York skyline.
In addition to a bar and restaurant and 5,000 square feet of retail space, the property will include a premier meeting facility with a grand ballroom and distinctive event space, as well as a high-end spa, fitness center, and indoor swimming pool in a three-story aerie at the top of the hotel. The new hotel will feature understated, elegant interiors by design firm Yabu Pushelberg.
Currently, Park Hyatt is located in 25 destinations, including Beijing, Buenos Aires, Carlsbad, Chicago, Dubai, Goa, Hamburg, Istanbul, Jeddah, Melbourne, Mendoza, Milan, Moscow, Paris, Saigon, Seoul, Shanghai, Sydney, Tokyo, Toronto, Washington, D.C., and Zurich. Twelve previously announced Park Hyatt hotels are under development, which, when completed, will increase the number of Park Hyatt properties worldwide to 38 over the next five years.