41st Midtown LLC announced that a franchise agreement has been signed with an affiliate of Hyatt Hotels Corporation for a 130-room Hyatt Place hotel in New York’s Times Square. Construction on the 24-story building is expected to commence in the second quarter of 2013. Stanford Hotels Corporation will manage the hotel.
“Hyatt is actively expanding the Hyatt Place brand throughout United States, and we are excited to be working with Stanford Hotels on their first Hyatt Place hotel in New York,” said Jim Chu, senior vice president, franchise and owner relations for Hyatt Hotels & Resorts, in an announcement.
Will Gibbs, senior vice president operations of Stanford Hotels Corporation said “We are particularly pleased that our first venture in Manhattan will be with Hyatt Place, thereby expanding our stable of hotel brands.”
Launched in 2006, Hyatt Place hotels feature guestrooms with multiple areas to work and relax, and include the Cozy Corner, an eight-foot sectional sofa sleeper; Hyatt Grand Bed; and ergonomic work center. Every guestroom is also equipped with a state-of-the-art media center that allows electronic devices to plug directly into the 42-inch, high-definition television, giving guests instant access to the technological amenities they’re accustomed to accessing at home or in the office. Hyatt Place hotels also feature complimentary Wi-Fi access, a StayFit@Hyatt fitness center, a coffee and wine bar, and a Grab ’n Go case stocked with freshly made sandwiches and salads.