Hotel Online 
News for the Hospitality Executive


Silverstein Properties to Develop $950 million, 82-Story Tower in New York City
Housing the Cities Tallest Hotel & Residences

Project Includes a 185-room Four Seasons Hotel and is Slated to Open in 2016

By Ivan Pereira, amNewYork, New YorkMcClatchy-Tribune Regional News

May 15, 2013--The developer behind some of the skyscrapers at World Trade Center announced Wednesday it is creating the city's tallest hotel and residential building in lower Manhattan.

Silverstein Properties, which is developing four of the World Trade Center buildings, got $950 million in financing from British firm The Children's Investment Fund Management for the 82-story tower at 30 Park Place that will include a Four Seasons hotel.

The building will have 185 hotel rooms and 157 luxury residences.

"It will join and enhance a world-class neighborhood that is already home to a dynamic blend of modern office towers, private residences, high-end retail and dazzling public spaces," Silverstein CEO Larry Silverstein said.

Construction will begin in the fall and it is slated to open in 2016.


(c)2013 amNewYork

Visit amNewYork at

Distributed by MCT Information Services

Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

To Learn More About Your News Being Published on Hotel-Online Inquire Here

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News | Industry Resources

Please contact Hotel.Online with your comments and suggestions.