He says the property is on Fifth Avenue in the Empire State Building area. The company is exploring a residential development at the property or a boutique hotel with residential space. Shing is hopeful that the transaction will close during the second quarter of this year. At this point, Regent Hotels & Resorts role at that property has not been finalized. However, it is anticipated that at the Boston property and in New York City, Regent Hotels & Resorts would be part of the management team that would possibly establish the brand for the design of the residences at the properties.

“Regent is a global brand that is synonymous with hospitality,” Shin says. “It has a rich history in the North American market and demonstrates a thorough understanding of contemporary luxury with a global sensibility, making them a natural partner for us to unlock the value of Cottonwood's real estate platform.”

He continues, “We are very excited about bringing the Regent hospitality design and management expertise into our portfolio. We are very excited about the relationship.”

“We have always enjoyed a strong brand presence in the U.S. market as a result of the original properties we had in New York City, Boston and Beverly Hills. We are very excited to be re-establishing our brick and mortar presence in partnership with Cottonwood Management,” says Steven Pan, chairman of Taipei-based Regent Hotels & Resorts in a prepared statement. “In line with our philosophy that 'the essence of luxury is to be unique,' our focus will be on delivering that luxury experience which our guests know and love us for, through creating new and original concepts delivered in a framework of gracious and intuitive service.”

Regent Hotels & Resorts luxury hotel portfolio includes locations in Beijing, Berlin, Montenegro, Singapore and Taipei. Regent also has further properties opening in China's Chongqing, Xian and Harbin and will be returning to Jakarta, to open Regent Jakarta in 2018.

BOSTON—Cottonwood Management, LLC and international luxury hotelier Regent Hotels & Resorts have signed a partnership agreement that will have the two firms focus on a major mixed-use development in the Seaport in Boston and a potential development project on Fifth Avenue in New York City.

Cottonwood, which is headquartered in Los Angeles and has offices in Boston, is finalizing plans for its massive 1.03 million-square-foot mixed-use development at the M1 and M2 parcels in the Seaport District in Boston. The project, estimated at between $750 million to $800 million, will go before the Boston Redevelopment Authority next month for possible final approval.

Cottonwood acquired the 3.5-acre fully-approved site from an affiliate of Morgan Stanley for nearly $120 million in late October of last year. Pending final approvals, Alexander Shing, chairman and founder of Cottonwood Management, tells Globest.com that the firm hopes to break ground on the project in late 2016. The project will feature 900,000 square feet of residential space and 125,000 square feet of retail space in three tower buildings.

Shing says the specifics of the partnership with Cottonwood on its Boston Seaport project are still being finalized. In terms of its project in New York City, the property to be developed is under contract. While Shing did not identify the specific site, he says the project will involve a ground-up development with the existing structure being demolished.

He says the property is on Fifth Avenue in the Empire State Building area. The company is exploring a residential development at the property or a boutique hotel with residential space. Shing is hopeful that the transaction will close during the second quarter of this year. At this point, Regent Hotels & Resorts role at that property has not been finalized. However, it is anticipated that at the Boston property and in New York City, Regent Hotels & Resorts would be part of the management team that would possibly establish the brand for the design of the residences at the properties.

“Regent is a global brand that is synonymous with hospitality,” Shin says. “It has a rich history in the North American market and demonstrates a thorough understanding of contemporary luxury with a global sensibility, making them a natural partner for us to unlock the value of Cottonwood's real estate platform.”

He continues, “We are very excited about bringing the Regent hospitality design and management expertise into our portfolio. We are very excited about the relationship.”

“We have always enjoyed a strong brand presence in the U.S. market as a result of the original properties we had in New York City, Boston and Beverly Hills. We are very excited to be re-establishing our brick and mortar presence in partnership with Cottonwood Management,” says Steven Pan, chairman of Taipei-based Regent Hotels & Resorts in a prepared statement. “In line with our philosophy that 'the essence of luxury is to be unique,' our focus will be on delivering that luxury experience which our guests know and love us for, through creating new and original concepts delivered in a framework of gracious and intuitive service.”

Regent Hotels & Resorts luxury hotel portfolio includes locations in Beijing, Berlin, Montenegro, Singapore and Taipei. Regent also has further properties opening in China's Chongqing, Xian and Harbin and will be returning to Jakarta, to open Regent Jakarta in 2018.