Dive Brief:
- Four Seasons Hotel New York will reopen next month, Four Seasons Hotels and Resorts announced Wednesday. The hotel is now accepting reservations for arrivals starting on Nov. 15.
- Closed since the onset of the COVID-19 pandemic in March 2020, the hotel sits along Manhattan’s Billionaire’s Row, steps away from Central Park. The property features some of the city’s largest hotel rooms and luxury amenities, according to Four Seasons.
- The reopening comes as the Manhattan lodging market experiences significant hotel performance growth, with the city’s luxury segment leading that charge, according to research from PwC.
Dive Insight:
Four Seasons Hotel New York will reopen with some of the largest luxury guest rooms and suites in New York City, ranging from 500-square-foot rooms to full-floor suites at 4,300 square feet, according to Four Seasons.
Rooms on the higher floors of the I.M. Pei-designed building offer panoramic views of Central Park and the Manhattan skyline, while many of the suites also have outdoor terraces. One of those suites is the Ty Warner Penthouse, named after the property’s longtime owner, featuring bespoke design elements and one-of-a-kind finishes on the 52nd floor.
At a later date, the hotel plans to debut one-, two- and three-bedroom extended stay accommodations, Four Seasons announced.
The hotel will offer luxury amenities, including on-site dining concepts Ty Bar, a cocktail lounge, and a new Italian restaurant, The Garden.
The reopening follows a strong second quarter for the Manhattan lodging market, which saw “robust” growth in occupancy, ADR and RevPAR during the period, according to PwC. The city’s luxury segment saw the biggest year-over-year RevPAR increase in the quarter, pacing with similar trends nationwide.
Four Seasons Hotel New York is among other hotels set to open in Manhattan in the coming months, including Kimpton Hotels & Restaurants’ third hotel in New York City, Kimpton Rockefeller Center. Meanwhile, earlier this week, Standard International opened a new luxury concept called The Manner in Manhattan’s SoHo neighborhood.
There have also been several notable hotel transactions in the market of late, like Gencom’s acquisition of the 587-key Thompson Central Park Hotel, also located on Billionaire’s Row. In July, Host Hotels & Resorts acquired 1 Hotel Central Park for $265 million.
However, the New York market is currently facing regulatory challenges that have hotel owners’ associations and local unions at odds.
