JMH Development and Mettle Property Group have signed a franchise agreement with Hilton (NYSE: HLT) for the development of a new project located at 36-20 Steinway Street, Long Island City. With this agreement, the two plan to build a dual branded hotel that will include Homewood Suites by Hilton, Hilton's upscale all-suite, extended-stay hotel brand, and a Hampton Inn by Hilton, a global mid-priced hotel that serve value-conscious and quality-driven travelers around the world.
"As we expand our portfolio and continue to grow our hospitality arm, we look to work with leading brands that share the same vision and are committed to delivering quality and enduring properties. We strategically selected Hilton as they are one of the best in the world," said Jason Halpern, principle of JMH Development. "We look forward to creating a hotel experience that will provide guests with an exceptional experience at an attainable price point."
The dual branded hotel will be designed by Gene Kaufman of Gene Kaufman Architects and will include 289 hotel rooms consisting of 187 Hampton Inn keys and 102 Homewood Suites keys. In addition, the property will offer a list of life enriching amenities including a private roof deck, expansive lobby and lobby bar, state-of-the-art fitness center, meeting rooms and more.
The new project will also feature 18,000 square feet of retail space exclusively listed with David Rosenberg of RKF, a New York based retail leasing and investment sales brokerage firm. Slated to open in 2018, upon completion, the property will provide a comfortable, value-driven stay for those visiting the area for business, leisure or travel.
JMH Development is a full-service real estate development company with experience as a developer or owner of major residential and commercial properties across the US. With an innovative approach to creating distinct properties in the luxury category, JMH has been a pioneer in the development of the most unique and well-positioned properties in highly desirable markets like Manhattan, Brooklyn and Miami Beach.
Logos, product and company names mentioned are the property of their respective owners.