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OCTOBER 5, 2011

HOTEL BOOM UNDERWAY IN FASHION DISTRICT

- The Real Deal


Led by two forthcoming hotels from Hidrock Realty, the Fashion District is undergoing
a hotel boom, according to the New York Post.

As The Real Deal previously reported the commercial landlord is bringing hotels to
25 West 37th Street, between Fifth and Sixth avenues, and 960 Sixth Avenue, at
West 35th Street. Now, finally, demolition is nearly complete at the 37th Street site,
which will become a new 173-room, 70,000-square-foot SpringHill Suites. Meanwhile,
the Sixth Avenue office building, which Hidrock acquired at a foreclosure auction, will
be converted into a 100,000-square-foot, 167-room Courtyard by Marriott, with
a rooftop bar.

"This area [the Fashion District] has changed dramatically over the last few years,"
said Hidrock founder Abraham Hidary. "You see tourists walking around and every
morning you see buses loading and unloading."

 

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2011-October