FINDING VALUE OTHERS OVERLOOK

133 GREENWICH STREET

NEW YORK, NY 10006

GROUND-UP HOTEL DEVELOPMENT

PURCHASED: 2012
PARTNERS: Robert Finvarb Companies and Private Investors
LENDER: HSBC (NYSE:HBC)
PROJECT: 30-story, 317-room hotel; rooftop bar

HOTEL FLAG: Courtyard by Marriott (NYSE:MAR)

Hidrock Realty purchased the property located at 133 Greenwich
Street in March 2012. The Property was a vacant, unimproved corner
at the World Trade Center redevelopment site and across the street
from the National September 11 Memorial and Museum. The hotel will
also be conveniently located just blocks from both the new Santiago
Calatrava-designed World Trade Center Transportation Hub and the
Fulton Street Transit Center. The Property’s size and location, as well
as the growing demand from business and leisure travelers, make it
one of the most compelling hotel development sites in Manhattan.

Hidrock and Robert Finvarb Companies are co-developing the
property, and have retained Peter Poon Architects to design the
hotel. Danny Forster, an architect and host of the Science Channel’s
“Build it Bigger,” is a design architect on the project. The hotel is
anticipated to be approximately 30 stories with 317 guest rooms
in addition to a ground floor retail space and a rooftop lounge.
The hotel is projected to open in 2015.