Orient-Express to Build New York Hotel
–Houston Chronicle2
Hotel and leisure company Orient-Express Hotels Ltd. said Wednesday it signed a deal to acquire a building housing the Donnell branch of the New York Public Library and the land beneath it to create a luxury hotel.
The company will pay the library $59 million in cash, in addition to the value of the library space, which the New York Public Library will own and occupy. The overall project is estimated to cost $220 million, including the library purchase.
The 150-room hotel will include a rebuilt Donnell Library location within it, as well as contemporary dining, spa and wellness facilities. Orient-Express said it also plans to expand the existing restaurant and dining business for its “21” Club, which backs onto the library’s location, by connecting the two buildings.
The property will be marketed under a new “21” Hotel brand name. The original “21” Club in midtown Manhattan will remain at its location with enhanced facilities, Orient-Express said.
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Footnotes
2=article may expire in a few weeks
