Financing complete for SLS New York; José Andrés to open restaurant at hotel

Global hospitality company sbe has completed a $109 million financing with Fortress Investment Group for the SLS New York, the 190-room luxury lifestyle hotel at 444 Park Avenue South.

SLS New York, slated to open in summer 2016, also confirmed that James Beard award-winning chef José Andrés will open his concept, The Bazaar by José Andrés, his first New York City restaurant, in the hotel.

SLS New York will have 190 guestrooms and suites, as well as sbe’s lounge concept, SBar, in the basement and an additional rooftop lounge and event space.

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The team behind the project includes equity partner Manhattan-based Moin Development, designer and longtime sbe collaborator Philippe Starck and sbe’s development arm, Dakota Development.

SLS New York is one of 11 sbe projects in various stages of development, construction and negotiation. Those projects, which range from Seattle to Florida, include nearly 1,900 hotel rooms and 2,230 residences.

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