http://www.businessweek.com/news/201...at-one57-tower
NYC’s First Five-Star Hotel in Decade Seen at One57 Tower
Plans for the Park Hyatt call for 210 guest rooms starting at $795 a night, spa-treatment suites with private balconies, and amenities such as an indoor pool with underwater speakers that pipe in music from neighboring Carnegie Hall.
By Heather Perlberg
July 01, 2014
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Hyatt Hotels Corp. (H:US) is seeking to make its Park Hyatt New York, opening next month at the base of the ultra-luxury One57 condominium tower, Manhattan’s first new five-star hotel in more than a decade.
The 25-floor property is making its debut on West 57th Street in the area known as Billionaires Row for its residential skyscrapers with apartments costing tens of millions of dollars. Plans for the Park Hyatt call for 210 guest rooms starting at $795 a night, spa-treatment suites with private balconies, and amenities such as an indoor pool with underwater speakers that pipe in music from neighboring Carnegie Hall.
Hyatt is seeking a competitive edge in Manhattan, where it already operates seven properties, none rated five stars, said Steve Haggerty, global head of real estate and capital strategy for the Chicago-based company. The new Park Hyatt would be the city’s first hotel with the coveted distinction since 2003, when the Mandarin Oriental opened in the nearby Time Warner Center. Since then, most growth in the city’s lodging market has been in the select-service category, hotels that offer few amenities and cost less to operate.
“There’s a fairly deep demand for this level of luxury,” Haggerty said in an interview from a suite on the Park Hyatt’s eighth floor. “It’s very difficult to replicate in New York City, and there’s a certain barrier to entry.”
Just six hotels that are considered luxury have opened in New York in the past five years, according to lodging-research firm STR Inc. That compares with 51 projects in the three lower-tier categories, which comprise such select-service brands as Holiday Inn, Best Western and Super 8.
New York was the most expensive U.S. city to stay in this year through May, with rooms costing an average of $241 a night, STR data show. Luxury hotels citywide led the nation in occupancy with a rate of 89.4 percent in May, meaning they sold nine out of 10 rooms every night.
New York’s lodging industry also has been expanding faster than the nationwide pace, with 74 new hotels and more than 13,500 rooms opening since 2006, according to NYC & Co., the city’s marketing and tourism website. About 15,000 more rooms are expected in the next three years, bringing the total to more than 107,000.
“New York City is just hot,” said Jan Freitag, senior vice president at Hendersonville, Tennessee-based STR. “It’s expensive and is at this perfect intersection of transient business demand, group and leisure, and international demand. Everyone wants to come to New York.”
The Park Hyatt will be on the lower levels of Extell Development Co.’s One57 condo tower, Manhattan’s second-tallest residential building at 1,004 feet (306 meters). Hyatt and Extell spent an average of $1.8 million a room constructing the hotel, according to Bhalla.
The rooms, ranging from 475 to 2,239 square feet (44 to 208 square meters), were designed to resemble high-end apartments, with floor-to-ceiling windows and wood flooring. Bathrooms are stocked with products by boutique perfumery Le Labo and the mirrors have television screens. Two restaurants, The Back Room at One57 and The Living Room, will be run by chef Sam Hazen, formerly of New York’s Veritas. Walls of a ballroom are covered with 26 tons of back-lit white onyx.
The hotel will be the 34th worldwide and sixth in North America under the Park Hyatt brand, which is the top tier for the company. A five-star property is “a missing component of Park Hyatt’s network,” said Daniel Lesser, chief executive officer of New York-based LW Hospitality Advisors.
“Their guests travel to world capitals and when they come to New York, they want a five-star hotel,” he said. “Hyatt doesn’t want them staying at the Four Seasons and liking it.”
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http://www.cityrealty.com/nyc/midtow...t/review/45511
Info & Ratings - One57 Review
byCarter Horsley
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The mixed-use, mid-block tower known as One57 at 157 West 57th Street was completed in 2014 as the first of several “super-tall” buildings near the south end of Central Park.
It was built by Extell Development and designed by Christian de Portzamparc.
The building is 1,004 feet tall and contains 92 condominium apartments, 65 rental apartments, and a 210-room Park Hyatt Hotel in its base. Thomas Juul-Hanson did the interiors for the apartments and Yabu Pushelberg designed the hotel portion of the building.
A startling sliver that blocks many of the north vistas from the three tall skyscrapers clustered to its south near Carnegie Hall on 57th and 56th Streets, the north side of this building, which partially extends to 58th Street, offers the most central views of Fifth Avenue and Central Park West from the south end of Central Park.
The glass tower is distinguished by its rippled canopies and numerous setbacks on 57th Street, its mottled fenestration patterns, its curved tops, its extreme verticality and its “scoops” facing the park that recall an ocean liner’s ventilation piping.
The top “scoop” existed only during construction and when the building was finished it was replaced by a protruding and symmetrical, staggered cascade of vertical strips in pairs of 10 descending lengths, a very elegant logo that apparently was not employed elsewhere in the building.
The building relates to nothing on 57th Street, except perhaps for a glittering sequin evening gown for the world’s tallest and skinniest model at Bergdorf Goodman nearby on Fifth Avenue.
Like many tall, mixed-use towers, its exterior does not indicate where uses change and, more importantly, the numbering of its residential floors is unique as the top floor is called 90 even though it is actually the 75th floor, or probably the 73rd floor. (At more than a thousand feet, of course, it could conceivably have an even higher number.)
According to documents on file with the city, the hotel occupies most of the bottom 18 floors and the 19th floor is mechanical. The 20th floor is a fitness center for the hotel and the 21st floor is a library and fitness center for the residential section of the building. Apartments begin at the 22nd floor and the 47th floor is also set aside for mechanical equipment. Floors 48 through 57 have two apartments each and higher floors have one apartment.
The building’s façades are patterned vertically, adding to its domineering presence. The fenestration patterns, moreover, conjure crossword puzzles and while not random they impart an added sense of motion.
Imagine, if you will, a moon-bound rocket initially lifting off from Cape Canaveral.
The building is “L”-shaped in plan with a much longer frontage on 57th Street than 58th Street.
Viewed from the north, the northern section of the tower rises, indeed soars, straight up without setbacks.
The building’s height is several hundred feet taller than the buildings on Central Park South and a couple of hundred feet above the very tall towers clustered around Carnegie Hall to the south as well as the Time-Warner Center on Columbus Circle to the west.
The building has a ballroom and many master bathrooms have glass-enclosed bathtub rooms that are flanked by his and her vanity stations with large windows.
The building has a screening and performance room with 24 very wide and plush leather seats with adjoining tables.
It also has a library and billiard room, 24-hour doormen and concierge, a garage, a bicycle room, a three-story-high pool room with marble walls, catering and room service and housekeeping service, a business center, an arts and crafts atelier room, a “discreet” 58th Street entrance and a pet-washing room.
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