FOR IMMEDIATE RELEASE
April 13, 2004
MAYOR MICHAEL R. BLOOMBERG ANNOUNCES CONSTRUCTION TO BEGIN ON NEW YORK’S FIRST MARRIOTT RESIDENCE INN
Bryant Park Tower Includes Marriott Hotel, Rental Apartments, Retail and Parking
Mayor Michael R. Bloomberg, G. Holdings Corporation Chairman & CEO Harry Gross, Marriott International, Inc. Executive Vice President for Lodging John W. Marriott, III and NYC & Company President Cristyne L. Nicholas today announced the start of construction of the Bryant Park Tower, a 43-story building that will house New York City’s first Marriott Residence Inn, with 357 suites, at Avenue of the Americas and West 39th Street. The $150 million project also includes 96 studio and one-bedroom rental apartments; street-level retail space totaling approximately 8,500 square feet; third-floor meeting, function space and a bar overlooking Bryant Park; and 100 on-site parking spaces.
“The celebration in Times Square is spreading with the construction of the new Bryant Park Tower,” said Mayor Bloomberg. “In addition to housing New York City’s first Marriott Residence Inn, the $150 million project will also include new residential and commercial space, all at the heart of one of our City’s most exciting neighborhoods. Most importantly, the Bryant Park Tower project will mean new jobs for New Yorkers – 400 jobs during construction and when it is finished, the hotel, shops and parking will provide more than 200 full-time jobs. I salute John W. Marriott III and Harry Gross for working together on a project that will be a wonderful addition to the hotel industry.”
“With great partners such as Mayor Bloomberg and Marriott International, our family will continue to invest in New York City, the Capital of the World,” said Mr. Gross. “The Marriott Residence Inn suites, drawing on the energy and excitement that flows from Bryant Park, Herald Square and Times Square, will provide affordable accommodations for families and business travelers in New York. And the rental apartments at Bryant Park Tower will be an exciting place to live, with great views of Midtown Manhattan.”
“We are thrilled to introduce the Residence Inn brand to the New York City marketplace and are confident that its arrival will offer visitors an alternative to the more traditional hotel room setting,” said Mr. Marriott. “The new Residence Inn will be one of six Marriott brands currently represented in the New York City area.”
“Marriott International is one of New York City’s most valuable partners in tourism,” said NYC & Company President Cristyne L. Nicholas. “The new Residence Inn property will be an exciting addition to New York City’s collection of extended-stay accommodations and have tremendous appeal to the international visitor, business traveler and vacationing family.”
Residence Inn by Marriott, North America’s leading extended-stay brand, allows guests on long-term trips to maintain a balance between work and life while away from home. There are more than 425 Residence Inn hotels across North America. The Residence Inn entrance will be at the corner of Avenue of the Americas and West 39th Street. The retail spaces on the Avenue will house approximately 8,500 square feet of prime retail space. The second floor will house a public garage, with the hotel’s restaurant, bar, meeting rooms and ballroom on the third floor. The hotel will occupy 30 floors, and be topped by 10 floors of rental units.
G. Holdings has developed and owns three additional Marriott hotels. In Manhattan, the New York Courtyard by Marriott – Times Square South, located diagonally across West 39th Street in Queens the New York Courtyard by Marriott – JFK Airport and in Philadelphia, the Marriott Residence Inn – Center City Philadelphia.
“Before the end of 2005, 10 hotels including this one – with more than 2,100 rooms – are scheduled to open in our city. More proof that New York City is the safest, most exciting destination in the world,” concluded Mayor Bloomberg.
Edward Skyler / Jennifer Falk (212) 788-2958
Pat Smith (Rubenstein Associates) (212) 843-8026