On Wednesday afternoon, the Viceroy New York was officially receiving guests, but much like a lanky 15-year-old, the luxury hotel had not quite achieved the poise her pretty features promised. The lobby bustled rather than hummed and the scent of paint bit into the lightly perfumed air. Still, it was opening day and what pretty features she had—muntined casement windows and glazed black glass bricks, stonework and steel, brass hardware and peekaboo portholes.
The American Realty Capital New York Recovery has agreed to acquire a leasehold interest in the Viceroy Hotel, the real estate investment trust announced Tuesday.
Located at 120 West 57th Street, the newly constructed hotel was designed by architectural firm Roman and Williams and is set to open early next month. NYRR will pay developer ARK Real Estate $148.5 million, or $615,000 per key, for the hotel, according to an earlier report by the New York Post.