NYC Update: New Luxury Hotel Opens

An $85 million hotel is slated to open in New York on 30th and Park Avenue (444 Park Avenue South).  Sam Nazarin’s SBE Entertainment Group and New York-based Moin Development Corp. are responsible for the 190-room, 20-story hotel, which will boast a spectacular rooftop bar.  Moreover, the hotel will be designed by Philippe Starck.  The hotel is slated to open by mid-2013.  Mr. Nazarin told Bloomberg.com that “The Park Avenue South corridor is really sought after,” and “It’s a great place for boutique hotels.  It reminds me of the Meatpacking District 10 years ago.”  You can find the full story at Bloomberg.com.