New York's Times Square set to welcome newest EDITION Hotel in 2017
The Marriott International hotel group, hotelier and real estate developer Ian Schrager and real estate and investment firms The Witkoff Group, Winthrop Realty Trust, New Valley LLC and Maefield Development have announced plans for a second EDITION Hotel in New York City.
The new hotel will be located in the heart of Times Square and is expected to open in 2017, following the anticipated 2015 debut of Manhattan's first EDITION property located in the landmark Clock Tower building at 5 Madison Avenue.
EDITION is a first-class, full-service, luxury lifestyle brand within the Marriott International portfolio, conceived in collaboration with legendary hotelier Ian Schrager. Marriott International will manage the hotel under a long-term agreement.
Located at 701 Seventh Avenue, this will be the first hotel of this scale to be built in Times Square in over two decades. The world-class hotel design will feature floor to ceiling windows with unobstructed views of Manhattan in seventy percent of the property's 452 guest rooms.
The Times Square EDITION will be one component of a mixed-use development which will feature 100,000 sq ft of flagship retail, dining, entertainment and event space, as well an 18,000 sq ft HD LED sign - one of the largest in the world. In keeping with the identity of EDITION, Schrager will lead all creative design and positioning for the hotel, as well as the entertainment programming offered within the property.
"New York is one of the most important destinations in the world, and we are delighted to have secured yet another iconic Manhattan location for our second EDITION hotel in the city," said Arne Sorenson, Marriott's president and chief executive officer. "Following the hugely successful opening of The London EDITION last year, we couldn't be more excited about the potential for this brand," said Sorenson. "The Witkoff Group is an ideal partner for a project of this magnitude and we are thrilled to be working together," he added.
The London EDITION opened last September and future hotels are planned for Miami Beach (2014), New York City (2015), Abu Dhabi (2015), Gurgaon, India (2015), Sanya, China (2015), Bangkok (2016) and West Hollywood (2017).