Funding Needed
$45 (Mio)
EB5 Funding
$45 (Mio)
Amount Subscribed
$45 (Mio)
EB-5 Investors
Investment Amount
Subscription Fee


Accommodation and Food Services
Hotels (except Casino Hotels) and Motels


New York
42nd Street and Broadway, New York
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Last Update: May 20, 2015 01:40 PM

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Knickerbocker Hotel

Developer Name
FelCor Lodging Trust

Project Description

NYIF Knickerbocker Hotel, LLC (“NKH”), 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”). NKH intends to provide preferred equity financing to be used for redeveloping a vacant hotel condominium unit of a building into an upper-upscale/luxury independent hotel. The Project is owned by a joint-venture partnership between affiliates of FelCor Lodging Trust Incorporated (“FelCor”) and Highgate Holdings, L.P. (“Highgate”). An affiliate of Highgate will manage the hotel when the project is complete. The Project is located on the corner of 42nd Street and Broadway in the heart of Times Square in New York City.

The Project contemplates redeveloping an existing landmarked 15-story condominium unit into a 4½ star independent boutique hotel. When complete, the hotel will consist of 330 guestrooms on twelve floors, a ground floor reception area with access from both Broadway Avenue and 42nd Street, in addition to a restaurant, bar, lounge, approximately 2,000 square feet of meeting area, and a fitness center, all of which will be located on the fourth floor of the building. The hotel will also have a rooftop lounge featuring an indoor/outdoor bar overlooking Times Square. The Hotel will have its main entrance on the iconic 42nd Street, where the elevators will take guests to the fourth floor sky lobby which will feature remarkable views of Times Square.






Knickerbocker Hotel: Map

42nd Street and Broadway, New York

Project Location Description

The Knickerbocker Hotel is located at the intersection of 42nd and Broadway in the heart of the country’s top tourist destination, Times Square. The hotel will be exceptionally well-positioned to capitalize on the area’s 35 million annual visitors to Times Square and from the over 50 million visitors to NYC. Located within walking distance of other major tourist destinations including the Fifth Avenue retail corridor, Grand Central Terminal, and is less than a block away from Bryant Park, the Knickerbocker Hotel will benefit from the most powerful address in Times Square.

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