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133 GREENWICH HOTEL       PROPERTY SUMMARY


SUMMARY     PROPERTY     TENANT

LOCATION: The property, to be managed by Courtyard by Marriott, is located in Lower Manhattan (New York City), New York.

ADDRESS: 133 Greenwich St, New York City, New York.

TOTAL BUILDING SIZE: 27 Stories, 311 Rooms within 136,091 sq ft.

BUILT: The property will break ground in fall, 2012 and the hotel should be open for operations at the end of 2014/beginning of 2015.

PROPERTY INFORMATION: The select service hotel will feature a cafe, fitness center, market, business center, and wireless internet in both public and meeting spaces. Additionally, the first two floors of the hotel will feature retail tenants.

LOCATION INFORMATION: New York City is the most populous city in the United States and the center of the New York Metropolitan Area, is one of the most populous metropolitan areas in the world with over 8 million residents. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and entertainment. As the home of the United Nations Headquarters, New York is an important center for international diplomacy and has been described as the cultural capital of the world. New York also receives over 50 million tourists each year. The city hosts many world renowned bridges, skyscrapers, and parks. New York City’s financial district, anchored by Wall Street in Lower Manhattan, functions as the financial capital of the world and is home to the New York Stock Exchange, the world’s largest stock exchange by total market capitalization of its listed companies.

LOWER MANHATTAN: Lower Manhattan has had huge residential growth in recent years. Today, an estimated 60,000 people live below Chambers Street; more than double the number in 2001. The new World Trade Center towers will have 10 million square feet of Class A office space and 500,000 square feet of retail when it is completed. Lower Manhattan currently has 18 hotels and 4,092 rooms with demand driven by both business and leisure travellers. 55% of Lower Manhattan hotel guests are business travellers, 38% are leisure and 7% combine both. The average business traveller stays 2.6 days, while the average leisure traveller stays 2.4 days. Lower Manhattan hotel guests are a high‑income demographic with an average income for business and leisure travellers. Six out of ten business travellers work for companies with offices in Lower Manhattan.


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