trending Market Intelligence /marketintelligence/en/news-insights/trending/vtbfxmy1mhwwif6ywxkmxg2 content esgSubNav
In This List

Marriott's $500M Ritz-Carlton branded hotel project in NY breaks ground

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


Marriott's $500M Ritz-Carlton branded hotel project in NY breaks ground

Marriott International Inc. and property developer Flag Luxury Group broke ground on their $500 million Ritz-Carlton branded hotel project in Manhattan, New York.

The Ritz-Carlton New York, NoMad is expected to open in 2021 and will feature 250 hotel rooms and 16 branded residences.

Flag Luxury secured a $250 million senior construction loan and a $65 million preferred equity investment from Atalaya Capital Management for the planned development earlier this year.