- Funding Needed
- $100 (Mio)
- EB5 Funding
- $100 (Mio)
- EB-5 Investors
- Investment Amount
- Accommodation and Food Services
- Hotels (except Casino Hotels) and Motels
- New York
- Intersection of Sixth Avenue (Avenue of the Americas) and West 58th, NY
- Last Update: February 04, 2015 01:00 PM
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1 Hotel Central Park
NYIF 1 CENTRAL PARK, LLC (“1CP”), a New York limited liability company, has been formed to invest in a project with sponsors from the New York Immigration Fund Regional Center (“NYIFund”). 1CP intends to provide preferred equity financing to be used for redeveloping a 18 story commercial office building into an upscale/luxury independent hotel called 1 Hotel Central Park, which is affiliated with the new 1 Hotel brand. The Project is owned by an affiliate of Starwood Capital Group Global, L.P.
1 Hotel is an eco-luxury brand that aims to combine environmentally sustainable architecture (LEED certified) and interior design with high-standards of service and luxurious comfort. The 1 Hotels concept was conceived by prominent hotelier Barry Sternlicht, the founder, Chairman and CEO of the Starwood Capital Group, who also pioneered the upscale boutique brand known as W Hotels.
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