LuxUrban Hotels has signed a 25-year Master Lease Agreement, including two five-year options, to operate Hotel 57 in midtown Manhattan. The four-star property on 57th Street contains 204 units and will be operated under the “LuxUrban Ultra” brand.
Brian Ferdinand, chairman and CEO of LuxUrban Hotels said: “This latest property will be among the finest in our portfolio…Hotel 57 will join our previously announced planned opening of the Condor Hotel in Brooklyn on or about July 1 and result in LuxUrban operating eight hotels in New York City. This growth is coming at an opportune time as business and leisure travel to New York City is approaching pre-pandemic levels of tourism.” With this addition, LuxUrban now operates eight hotels throughout NYC.
