Case Study

The Strand by Marriott

Partnered with a leading global hospitality company to acquire, finance, and convert an existing hotel into a premium vacation ownership resort property in Midtown Manhattan for Marriott Vacations Worldwide.


Location: 33 W. 37th St., New York, NY 10018

Status: Construction completed in 2019. Investments returned and profits distributed.

Closing Date: Q1, 2016

Realization Date: Q1, 2019

Project Info

  • Located between Fifth Avenue and the Avenue of the Americas
  • Built and opened in 2009, the property was a 177 room boutique hotel, which were converted into vacation ownership units, and renovated an arrival lobby, rooftop bar with a retractable roof and photo-worthy views of the Empire State Building, restaurant, kitchen, fitness center, and conference center rooms

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