- Funding Needed
- $30 (Mio)
- EB5 Funding
- $30 (Mio)
- Amount Subscribed
- $30 (Mio)
- EB-5 Investors
- 60
- Investment Amount
- $500,000
- Subscription Fee
- 50,000
- Job Creation per Investor
- 17.5
- Job Creation (Total)
- 1047
- Category
- Accommodation and Food Services
- Sub-Category
- Hotels (except Casino Hotels) and Motels
- State
- New York
- Location
- 1414 Central Park South, New York, NY 10019
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- Last Update: May 20, 2015 01:54 PM
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1 Hotel Central Park
- Developer Name
- Starwood Capital Group
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.
1 Hotel Central Park: Map
1414 Central Park South, New York, NY 10019
Regional Center
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