Funding

Funding Needed
$100 (Mio)
EB5 Funding
$100 (Mio)
EB-5 Investors
200
Investment Amount
$500,000

Jobs

Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
New York
Location
Intersection of Sixth Avenue (Avenue of the Americas) and West 58th, NY

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1 Hotel Central Park


Project Description

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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