Jul

NYC Area Known for Indie Hotels to Get $500 Million Ritz-Carlton

A Manhattan neighborhood known for its boutique hotels will soon be home to a classic luxury brand.

Flag Luxury Group LLC signed a deal with Marriott International Inc. to develop a Ritz-Carlton hotel at 28th Street and Broadway, near the Ace Hotel New York and the NoMad Hotel. The project is expected to cost more than $500 million, according to a statement from Marriott, and will feature 250 hotel rooms and 16 branded residences in a 500-foot (150-meter) tower designed by architect Rafael Vinoly…

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NYC Area Known for Indie Hotels to Get $500 Million Ritz-Carlton

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