2 September 2010
The new property, located in New York City’s historic Financial District, features 58 floors of modern design and stylish amenities in Manhattan’s fastest growing residential destination.
The W New York Downtown is the first new W Hotel in New York City in more than eight years, while The Residences is the group’s first residential development in Manhattan.
Eva Ziegler, Global Brand Leader, W Hotels Worldwide and Le Méridien, said: "The opening of W New York - Downtown, which expands our hometown footprint, marks a milestone for the W brand.
Built from the ground up, our latest hotel will bring innovative design, modern style, and a pulse of new energy to this historic neighbourhood."
Joe Moinian of The Moinian Group said: "The opening of this hotel and residential tower is the culmination of a five year labour of love.
From the time we purchased the property in 2005 to the selection of the building’s designers and W Hotels as a brand partner, our goal was always to deliver a world-class destination location that would help re-shape life and lifestyle in Lower Manhattan.
When people discuss a turning point in the dynamics of the FiDi residential and hospitality market, this project will be recognized as that turning point."
W Hotels was launched in New York City more than 10 years ago with the opening of W New York on Lexington Avenue and 49th Street.
Following rapid international expansion, W continues to transform into a global powerhouse, opening new hotels and retreats in vibrant destinations around the world.