JMH Development and Mettle Property Group Ink Partnership with Hilton for Dual Branded Hotel in Long Island City, New York
LONG ISLAND CITY, N.Y. February 1, 2017 - Leading New York-based developer 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.
About JMH Development
JMH Development is a leading, 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.
About Mettle Property Group
Mettle Property Group is the recently formed spin off of Madison Estates development division, a well-established Brooklyn based boutique development firm with over 25 years of experience. Mettle Property Group has successfully completed a wide variety of projects throughout New York City, which include historic townhomes, mid-rise luxury apartments as well as fully amenitized contemporary condominiums. Led by its principle Gerard Longo, Mettle Property Group continues implementing its business acumen and strong work ethic into each development with a specific eye to detail.
Hilton (NYSE: HLT) is a leading global hospitality company, comprising more than 4,800 managed, franchised, owned and leased hotels and timeshare properties with nearly 789,000 rooms in 104 countries and territories. For 97 years, Hilton has been dedicated to continuing its tradition of providing exceptional guest experiences. The Company's portfolio of 13 world-class global brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The Company also manages an award-winning customer loyalty program, Hilton HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including an exclusive member discount and free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where Hilton HHonors members can check-in, choose their room and access their room using a Digital Key. Visit news.hiltonworldwide.com for more information
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $30 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
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