Plotting A Hotel

Also last week, the Appraisal Institute enjoyed an on-site luncheon and program at the InterContinental Hotel in Times Square, where Tishman Hotel & Realty's David Rothenberg (center, with Regional Appraisal Associates' Kenneth Wong, Brown Harris Stevens' Sharon Locatell, KTR Real Estate Advisors' Theresa Nygard, and Albert Valuation Group's Daniel Sciannameo) discussed the 607-room property's planning, assemblage, zoning, and Gensler architectural design. Here's a tidbit: the hotel's beautiful garden showcased behind glass in the lobby was thanks to NYC zoning, which required a separation between the hotel and its W. 43rd St. neighbors. The garden's a design theme throughout the hotel, woven through carpeting, curtains, and wall art. When the hotel officially opened in July, it had a “vine-cutting” ceremony; it's also a stands out as the first large, luxury hotel to open in Times Square since '02.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Wonderful Real Estate Inks Major Land Deals, Sells 1M SF Facility Near Bakersfield

Developers Land $204M Loan For East Village Project: The N.Y. Deal Sheet

Power Down: Grid Congestion Stalls Dutch Development

BlackRock Invests In 3D-Printing Construction Startup Valued At $1.4B

From Precast To Conservation: Addressing Today's Stormwater Challenges

Microsoft Sues JLL For Protection Against Lawsuit At NYC Office Project

Ireland's AI Funding Boom Helps Drive Down Dublin Office Vacancy Rates

Scale Without Blind Spots: Why National Contractors Must Lead Locally

How AI Is Reshaping Brokerage Operations And Investor Portfolios

SFF Realty Partners Extends Spending Spree With $82M Acquisition In Downtown San Jose

NYC Is Building Hotels Again. It May Not Be Enough

Drawbridge Realty Acquires 180K SF Office Building In Sunnyvale For $219M