Hidrock Realty Inc. and Robert Finvarb Companies (RFC), the joint venture that purchased the parcel at 133 Greenwich St., has selected Courtyard by Marriott to flag their upcoming 317-key hotel.
The project is due for completion in the second quarter of 2015.
The property, located across the street from the World Trade Center redevelopment site and the September 11 Memorial, will also include approximately 3,000 s/f of ground-floor retail and a rooftop bar. Hidrock and RFC are co-developing the property and have retained Peter Poon Architects to design the hotel. Danny Forster, an architect and host of the Science Channel’s Build it Bigger, is consulting as a design architect on the project.
“We chose Courtyard by Marriott because it is considered one of the most powerful hotel brands in the world that caters to both business and leisure travelers alike,” said Abraham Hidary, president of Hidrock.
“With over 800 locations in the United States alone, we feel that this brand is in the perfect position to accommodate the growing numbers of visitors expected in Lower Manhattan in the coming years.”
Lower Manhattan is currently the fourth largest central business district in the nation, and projections for future tourism in the area are at record highs.
The Alliance for Downtown New York reports that in the first year that the National September 11 Memorial was in operation, the area attracted 4.5 million visitors from more than 150 countries and will draw even more once the September 11 Museum is completed.
“This hotel will be integral to the redevelopment of the World Trade Center area, as it will cater to the influx of tourists who will flock to the area for business, the memorial, the shopping, and the growing nightlife,” said Bobby Finvarb of RFC. “With the new World Trade Center Transportation Hub and the Fulton Street Transit Center mere blocks away from the hotel, patrons will have access to 13 MTA subway lines; PATH trains to New Jersey; the Hudson River ferry; and potentially a direct rail link to JFK International Airport.”