HEI Hotels & Resorts has assumed management of the 317-room Renaissance Times Square.
The hotel was recently acquired by Newbond Holdings and Apollo Global Management, who then tapped HEI to manage the property. The hotel is located in Times Square, steps away from the best of New York City’s Theater District and its array of attractions.
“We are thrilled as our footprint in New York City continues to grow through this superb asset,” said Anthony Rutledge, CEO/managing partner, HEI Hotels & Resorts. “Given the quality of the hotel and the property’s unbeatable location, HEI’s extensive management platform and repositioning expertise will further the hotel’s reputation as one of the premier places to stay in New York. We are excited to execute our business plan and take this property into its next chapter.”
Built in 1990 and renovated in 2019, hotel is one of the most photographed properties in the country. This will be HEI’s 8th hotel in the New York Metropolitan Area—which includes hotels from all the major hotel brands, including Hilton, Hyatt, Marriott, and IHG—and the 4th hotel in HEI’s relationship with Newbond Holdings and Apollo Global Management.
The post HEI assumes management of The Renaissance Times Square appeared first on hotelbusiness.com.
Appeared first on: hotelbusiness.com
Shaner to open Inn at Bellefield in January
Bellefield at Historic Hyde Park, a $1-billion hospitality, agritourism and residential development located across from the Culinary Institute of America in Hyde Park, NY, will soon conclude construction of its first structure, the Inn at Bellefield Residence Inn by Marriott International, a 137-room all-suite hotel. The $55-million project is being developed by T-Rex Capital Group LLC, in … [Read More...]
Crescent Hotels & Resorts adds The Josie Hotel
Crescent Hotels & Resorts has added The Josie Hotel, Autograph Collection to its Latitudes: Lifestyles by Crescent portfolio. The ski-in/ski-out boutique hotel located at the base of the independent RED Mountain Resort in Rossland, British Columbia, Canada. The Josie offers boutique accommodations with 106 guestrooms and suites, complemented by ski concierge services, fire pits and fitness … [Read More...]
Active GCC hotel development pipeline now equal to 40% of existing room supply
Latest STR report reveals GCC has more than 170,000 hotel rooms in its active development pipeline. KSA & UAE lead the GCC with 39,070 & 32,272 rooms respectively under construction. Arabian Travel Market expecting major increase in GCC participation at 2023 event as GCC governments continue to invest heavily in tourism Appeared first on: … [Read More...]
Universal Orlando to add two hotels by 2025
Universal Orlando Resort will add two new hotels to its hotel portfolio by early 2025. Coowned and operated by Loews Hotels & Co, Universal Stella Nova Resort and Universal Terra Luna Resort will each feature 750 guestrooms in the resort’s Prime Value category, bringing the total number of guest rooms across the destination to 10,500. The design of Universal Stella Nova Resort will be inspired … [Read More...]
Marriott flagship brand plans over 100 additions
With the premium line currently standing at 584 operating global sites encompassing 208,836 keys as at end Q3 2023, our database indicates that it is due to welcome at least 109 properties of 29,853 collective rooms over the next few years. Asia ahead Beginning in their home markets of US and Canada, Marriott Hotels are already in over 65 countries and territories around the world, and the firm … [Read More...]