LWHA, Triangle Equities work on Staten Island Westin

LW Hospitality Advisors, a global lodging investment advisory firm, completed its consulting mandate with New York developer Triangle Equities who recently revealed the operator and design team for a Westin hotel within its $231-million mixed-use Lighthouse Point project in St. George on the North Shore of Staten Island. The hotel is set to open by the fall of 2019 and will be the first full-service, business-friendly, upper-upscale hotel on the Staten Island waterfront.
 
LWHA Asset Management Services played a role in assisting Triangle Equities with determining the hotel scale, identifying the appropriate brand affiliation, and negotiating the Westin management agreement with Starwood Hotels and Resorts.
 
"It was a pleasure working with Gary Isenberg, Evan Weiss and their team at LWHA," said Lester Petracca, president of Triangle Equities. "They were able to help formalize our vision for the hotel component of Lighthouse Point and sought out Starwood as the perfect partner to operate a hotel unlike any other in New York City, offering first-class amenities and stunning unobstructed views of the New York skyline to accommodate both business and leisure travel."


"This is a truly unique and special location, incorporating a quaint village feel with the spectacular views of lower Manhattan," said Gary Isenberg, president of LWHA Asset & Property Management Services. "Initially, the challenge was getting brands' attention until we brought them to the site - which speaks for itself. Starwood quickly grasped the vision for this one-of-a-kind mixed-use development."
 
"The Westin affiliation is certainly the best fit," Isenberg said. "This brand will perfectly integrate the paradox of the modern and the historical significance of the site, beautifully."

The new hotel will play a part in the revitalization of the Staten Island waterfront and promenade, and the design will embrace the blend of the historic structures along the promenade with a sleek new tower of glass, stone and steel. The hotel offering will bring a mix of retail and restaurants, outdoor dining and entertainment space. The complex is listed on the National Register of Historic Places and the development team will restore the property's sense of history while incorporating modern structures for modern use.

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