Brookfield Picks Pendry Chain for Manhattan West Hotel

NEW YORK CITY—Brookfield Properties has selected Irvine, CA-based luxury brand Pendry Hotels to operate a hotel property within its Manhattan West development in the Hudson Yards district.

Construction is expected to begin in the third quarter of this year on the Pendry Manhattan West hotel that will feature 164 rooms, including 30 suites. The property, which marks the flag’s entrance into the New York City market, is also expected to have a signature restaurant, a lounge, open-air terrace bar as well as meeting and event space. Pendry Hotel officials state the firm hopes to open the Pendry Manhattan West hotel at the 7-million-square-foot mixed-use development sometime in 2021. Montage International is the parent company of Pendry Hotels.

The selection of Pendry Hotels by Brookfield Properties represents the first joint development venture between the two companies. “New York City is a destination we have had our eyes set on for many years, and Brookfield Properties is the ideal partner to collaborate on Pendry Hotels’ New York City debut,” says Alan J. Fuerstman, founder, chairman and CEO of Montage International. “We look forward to becoming a centerpiece of the community through the hotel’s design, amenities and signature service we will provide at Pendry Manhattan West.”

Pendry Manhattan West will complement the complex’s 844 residential units and more than six million square feet of class-A office space already being populated by a host of leading media, fashion, sports and technology companies including Accenture, Amazon, Ernst & Young, J.P. Morgan Chase and the National Hockey League.

The 250,000 square feet of retail at Manhattan West will be anchored by Peloton, which is creating “Peloton Studios,” a 35,000-square-foot state-of-the-art flagship location, and Whole Foods, which is developing a 60,000-square-foot culinary destination.

Founded by hospitality veterans Alan J. Fuerstman and Michael Fuerstman last year, Pendry Hotels currently operates the Pendry San Diego and Sagamore Pendry Baltimore.

Montage International’s other major hotel brand—Montage Hotels & Resorts— is the ultra-luxury hospitality management company founded by Alan Fuerstman 15 years ago. The portfolio of Montage hotels, resorts and residences include: Montage Laguna Beach, Montage Beverly Hills, Montage Deer Valley, Montage Kapalua Bay, Montage Palmetto Bluff, Montage Los Cabos, opening in 2018, and Montage La Quinta and Montage Healdsburg opening in 2020.