Travel
Wall Street Firms Are Moving to the West Side. Here Come the Luxury Hotels
- Relocation of tenants like KKR and EY creates opportunity
- Brookfield, Pendry to offer high-end rooms at Manhattan West
Source: Montage International
Blue-chip office tenants are migrating to Manhattan’s far west side. It’s only a matter of time before the luxury hotels follow.
Brookfield Property Partners LP has signed up Pendry Hotels, a boutique brand owned by Montage International, to manage a 164-room hotel at Manhattan West, the developer’s 7 million-square-foot project adjacent to Related Cos.’ Hudson Yards. By the time the hotel opens in 2021, it will be surrounded by illustrious office tenants including KKR & Co., Wells Fargo & Co., EY and Amazon.com Inc.