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Marriott Announces Deal for a Luxury Ritz-Carlton Hotel and Residences Tower in New York

Marriott International announces it has signed a deal with Flag Luxury Group to bring a new Ritz-Carlton Hotel and Residence Tower to New York’s NoMad neighborhood.

The project is a $500+ million deal.

“We are thrilled to be working with Flag Luxury Group to bring this significant project to the NoMad area. Thanks to buzzing restaurants and bars, unique retail and notable architecture, NoMad has become one of Manhattan’s most popular neighborhoods,” said Tony Capuano, Executive Vice President and Global Chief Development Officer, Marriott International. “This signing speaks to the strong demand we are experiencing for luxury hospitality and branded residences.”

The tower will be over 500 feet high and offer guests views of the Empire State Building and downtown Manhattan.  It will provide 250 hotel rooms and 16 branded residences.

“The Ritz-Carlton New York, NoMad, is set to become the epicenter of one of New York City’s most exciting neighborhoods and we are thrilled to be collaborating with Marriott International on this iconic project,” said Dayssi Olarte de Kanavos, President of Flag Luxury Group. “The hotel and residences tower will have an ideal location and sophisticated design, complemented by the celebrated Ritz-Carlton service.”

The project is expected to open in 2021.

by Elizabeth Atkinson