Marriott opens tallest hotel in New York as demand rises

12:47 • 08.01.14
Economy

Marriott International Inc. (MAR), the owner of brands including Ritz-Carlton and Renaissance Hotels, is opening the tallest U.S. hotel building in New York as tourism in the city reaches a record,www.bloomberg.com reports.

The 68-story tower at the corner of Broadway and 54th Street houses a 378-room Courtyard hotel and a 261-room Residence Inn. The property reaches almost 753 feet (230 meters), making it the tallest hotel without accompanying offices or residential space in the U.S., said Kathleen Duffy, a spokeswoman for Marriott’s hotels in New York City. The two-tower Time Warner Center at Columbus Circle, a mixed-use development with a Mandarin Oriental hotel, is 750 feet.


“I’m certain either one of them would have done fine on their own,” Marriott Chief Executive Officer Arne Sorenson said today at the opening of the two hotels. “But here you’ve got a great location, an A-plus location, with two distinct products that will appeal to two distinct kinds of stays.”

Marriott is opening the property as hotel demand in the city soars. New York had a record 54.3 million tourists last year, former Mayor Michael Bloomberg said on Dec. 10. The city is likely to have 55 million visitors in 2014, said Bloomberg, the founder and majority owner of Bloomberg News parent Bloomberg LP.

Marriott has about 100 hotels across the U.S. that offer as many as three Marriott brands within one property, and the company is looking for more opportunities to pursue such projects, Sorenson said.
 

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