Marriott International has signed an agreement with luxury hospitality development firm Flag Luxury Group to bring The Ritz-Carlton brand to New York City’s vibrant NoMad neighborhood, also known as North of Madison Square Park. Flag Luxury Group will develop the hotel and residences tower, which will represent a more than $500 million investment.
Located at Broadway and 28th Street, the hotel and residences tower will be situated in the heart of Manhattan’s fast-growing center for creative and tech firms, alongside world-class retail, dining and nightlife venues.
“The Ritz-Carlton New York, NoMad, is set to become the epicenter of one of New York City’s most exciting neighborhoods, and we are thrilled to be collaborating with Marriott International on this iconic project,” said Dayssi Olarte de Kanavos, president of Flag Luxury Group. “The hotel and residences tower will have an ideal location and sophisticated design, complemented by the celebrated Ritz-Carlton service.”
The 500-foot tower project will include both hotel accommodations and branded residences. The tower will include refined accommodations, a fine-dining restaurant, the brand’s renowned Club Lounge, a signature Ritz-Carlton Spa and fitness center, and a chic rooftop bar. A large public garden and open terraces will feature greenery and trees, offering a unique element of nature in New York City. Two ballrooms will offer groups an attractive setting for corporate and social gatherings. Nearby, Madison Square Park — a public space since 1686 — will provide guests the opportunity to enjoy a full schedule of cultural, culinary and family events.
The tower will include 250 hotel rooms and 16 branded residences that will feature The Ritz-Carlton’s legendary service, luxurious amenities and visionary interior design. With construction already under way, the hotel and residences are expected to open in 2021.
