Hidrock Properties and The Buccini/Pollin Group have topped our their 310-suite, 40-story Embassy Suites hotel in midtown.
The topping out was celebrated by representatives from Hilton Worldwide, The Buccini/Pollin Group, AIG and Bank of the Ozarks.
Hidrock Properties is planning a new 161-room hotel on a Midtown assemblage it acquired for $47 million, according to property records filed with the city Friday.
Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest hotel companies, Hidrock Properties and Concord Hospitality celebrated the grand opening of the new Cambria hotel & suites NY – Times Square in style last night with a vintage winter wonderland.
Manhattan-based commercial real estate owner Hidrock Properties has acquired 32-34 Fifth Avenue in Park Slope, Brooklyn for $6.6 million.
Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has been exclusively retained to sell the 2,100 s/f freestanding retail property located at 512 Broome St. in the exclusive SoHo neighborhood.
Hidrock Properties signed two leases totaling 7,060 s/f at 53 West 36th Street and 35 West 36th Street near Herald Square. The leases bring Hidrock’s portfolio of office properties to 98 percent occupied. Robert Kaplan, Hidrock’s Managing Director of Operations, represented the landlord in both transactions. Asking price for both spaces was approximately $45 psf.
The Cambria Hotel & Suites Times Square, developed by Hidrock Properties and Concord Hospitality Enterprises, is officially open for business. The new hotel, which consists of a 21-story tower with 196 guest rooms, is located at 30 West 46th Street, just minutes from Rockefeller Center, Times Square, Herald Square and Grand Central Station.