Keyword: AJ Capital Partners
The 194-room, ground-up hotel development will include more than 5,000 square feet of meeting and event areas and ground-floor retail space.
The property was acquired by AJ Capital Partners, a real estate developer, owner and operator based in Chicago, and will undergo a renovation.
Once renovations are complete in fall of 2019, the hotel will be renamed Graduate State College, part of the Graduate Hotels collection.
AJ Capital Partners has acquired the Hilton Eugene in Eugene, Oregon with plans to add the hotel to the Graduate Hotels portfolio.
AJ Capital Partners will open the 18-story, 224-room Graduate Roosevelt Island in spring of 2020.
Roxy, a Seattle startup that offers a customizable voice assistant and touchscreen smart speaker for the hotel industry, has raised $2.2 million in seed money.
The hotel has a full renovation planned, which will convert the property into a Graduate hotel by 2018.
AJ Capital Partners is partnering with Cornell University to build the Graduate Roosevelt Island, planning for a 196-room, ground-up development to open in 2019.
The owner of the property, AJ Capital Partners, plans a total renovation of the hotel, covering all guestrooms, meeting space and public areas.
The property is scheduled to to open in 2019 and will serve to extend the campus of Cornell Tech.