{"id":1004050444,"date":"2012-10-19T08:12:41","date_gmt":"2012-10-19T16:12:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=75353"},"modified":"2020-04-13T08:00:58","modified_gmt":"2020-04-13T16:00:58","slug":"times-square-prepares-for-new-hyatt-place-16-million-renovation-completed-at-hilton-long-island","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/times-square-prepares-for-new-hyatt-place-16-million-renovation-completed-at-hilton-long-island\/","title":{"rendered":"Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/11997484-stanfordlogo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-75416\" title=\"11997484-stanfordlogo\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/11997484-stanfordlogo.jpg\" alt=\"\" width=\"300\" height=\"89\" \/><\/a>Developer 41<sup>st <\/sup>Midtown LLC has reached a management agreement with Stanford Hotels Corp., an affiliate of Chicago-based Hyatt Hotels Corporation, to build a new Hyatt Place hotel in New York\u2019s vibrant Times Square and within walking distance of Avenue of the Americas, one of the densest office corridors in the city.<\/p>\n<p style=\"text-align: justify;\">According to an official statement, the 24-story Hyatt Place Times Square will be located on 41<sup>st<\/sup> Street between Sixth Avenue and Broadway and will include 130 upscale guest rooms designed in the authentic hospitality style for which Hyatt is known worldwide. Each room will feature state-of-the-art technological amenities and work and relax areas such as a plush Hyatt Grand Bed and a large sofa sleeper to accommodate the needs of business travelers.<\/p>\n<p style=\"text-align: justify;\">\u201cHyatt is actively expanding the Hyatt Place brand throughout United States, and we are excited to be working with Stanford Hotels on their first Hyatt Place hotel in New York,\u201d said Jim Chu, senior vice president of franchise and owner relations for Hyatt Hotels &amp; Resorts, in a recent press release. Construction at the site is scheduled to begin in the second quarter of 2013.<\/p>\n<p style=\"text-align: justify;\">In further hospitality-related news, hotel investment and management company Dow Hotel Company (DHC) has finished a $16 million renovation project at the Hilton Long Island\/Huntington hotel in Melville, N.Y.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/hilton-long-island-facade.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-75413\" title=\"hilton long island facade\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/hilton-long-island-facade.jpg\" alt=\"\" width=\"300\" height=\"244\" \/><\/a> The 304-room hotel was in need of rehabilitation and repositioning in the market when it was acquired by DHC in the summer of 2001.<\/p>\n<p style=\"text-align: justify;\">After completing an extensive market study on the area, the company embarked on a complex makeover of the building located at 598 Broad Hollow Rd., striving to create a quality meeting point and social event hotel that was much needed in the area.<\/p>\n<p style=\"text-align: justify;\">Renovation plans included all aspects of the hotel\u2019s interior, from carpeting and beds to furniture and artwork, which were enhanced to meet the expectations of Hilton guests. The hotel\u2019s executive lounge was transformed into a private business center, and the 26,000-square-foot ballroom\u2014the largest in the area\u2014was reimagined and updated to accommodate up to 1,200 people.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-vacancies-and-rents-at-extremes-in-manhattan-new-development-slowly-materializes\/1004058091.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more market data from New York City.<\/p>\n<p style=\"text-align: justify;\"><em>Image courtesy of Hilton Long Island website<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developer 41st Midtown LLC has reached a management agreement with Stanford Hotels Corp., an affiliate of Chicago-based Hyatt Hotels Corporation, to build a new Hyatt Place hotel in New York&rsquo;s vibrant Times Square and within walking distance of Avenue of the Americas, one of the densest office corridors in the city.<\/p>\n","protected":false},"author":1269,"featured_media":1004507375,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[1815],"class_list":["post-1004050444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/times-square-prepares-for-new-hyatt-place-16-million-renovation-completed-at-hilton-long-island\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island\" \/>\n<meta property=\"og:description\" content=\"Developer 41st Midtown LLC has reached a management agreement with Stanford Hotels Corp., an affiliate of Chicago-based Hyatt Hotels Corporation, to build a new Hyatt Place hotel in New York&rsquo;s vibrant Times Square and within walking distance of Avenue of the Americas, one of the densest office corridors in the city.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/times-square-prepares-for-new-hyatt-place-16-million-renovation-completed-at-hilton-long-island\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-19T16:12:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T16:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/11997484-stanfordlogo.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/times-square-prepares-for-new-hyatt-place-16-million-renovation-completed-at-hilton-long-island\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/times-square-prepares-for-new-hyatt-place-16-million-renovation-completed-at-hilton-long-island\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Times Square Prepares for New Hyatt Place; 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