• Wed. Jun 23rd, 2021

Marriott, Lightstone Group Strategy New Moxy Inns

Lightstone Group CEO Mitchell Hochberg and Marriott Global CEO Anthony Capuano with a rendering of The Moxy Williamsburg (Getty, Lightstone, iStock)

Marriott and Lightstone Team are betting on an uptick in submit-pandemic travel — particularly for people on a price range.

The hotelier and developer are organizing to open up two Moxy accommodations in Manhattan and Brooklyn following calendar year, Crain’s New York claimed. The new lodgings will be situated at 145 Bowery on the Lower East Facet, and at 353 Bedford Avenue in Brooklyn.

The corporations have formerly collaborated on 3 other Moxy hotels in the metropolis, in Periods Sq., Chelsea and the East Village.

The announcement arrives at a time where the resort marketplace is by now starting off to see indicators of existence, with occupancy quantities across the place hitting 49 p.c in March. Term from travel applications recommend that scheduling quantities for summer season holidays are also on the rise.

Nevertheless, the pandemic led to a lot more than 200 lodge closures in the metropolis. Although Moxy developments across the metropolis remained open, thanks in component to federal government contracts, other Marriott qualities have suffered. The enterprise referred to as 2020 its “most challenging year ever” all through its fourth quarter earnings phone.

The new 127,000-square-foot Manhattan lodge will have 303 rooms, and will function a restaurant, lobby bar and a cocktail bar and lounge, for every the report. The 88,000-square-foot Brooklyn resort will have 216 rooms, a cafe, out of doors backyard and rooftop bar, as effectively as a lobby bar and cocktail lounge.

Moxy accommodations are acknowledged for their little rooms — 200 square ft or significantly less — and nightly costs of less than $200, based on the area. Lightstone’s president instructed the publication he hopes the minimal price ranges will be a match changer for younger vacationers seeking to travel at an affordable rate.

[Crain’s] — Cordilia James