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.
Details
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
