InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, and Crescent Hotels & Resorts today announced the opening of the new 492-room Holiday Inn® Manhattan-Financial District hotel located in the heart of New York City’s downtown business center. Standing more than 453 feet tall, the hotel’s guestrooms boast spectacular views of the Hudson River and One World Trade Center. The new-build hotel is owned by Golden Seahorse, LLC and managed by Crescent Hotels & Resorts.The strength of the hospitality industry in New York City is well-known, and this will be the Holiday Inn brand’s 22nd hotel to open in the market. There is significant opportunity for the brand, and the lodging industry as a whole, to grow its presence in the Financial District. Since 2003, the local residential population increased nearly 85 percent*. This increased population and related business, along with the nearly 6 million annual visitors to Lower Manhattan**, has resulted in a strong demand for lodging, apparent in both occupancy rates and hotel development in the area***. Manhattan’s Financial District, a neighbourhood previously known only for “big business,” has become a key part of the cultural landscape of the city. Located just a short distance from the hotel are popular business and leisure destinations, including the National September 11 Memorial & Museum, South Street Seaport, Chinatown, Wall Street, New York Stock Exchange and the Federal Reserve Bank.
The hotel, located at 99 Washington Street, provides a reprieve from the city that never sleeps. The Holiday Inn Manhattan-Financial District offers a familiar atmosphere in a world class destination that is warm, trend-forward and comfortable in guest rooms, public spaces and the onsite restaurant, St. George Tavern, which offers casual dining for breakfast, lunch and dinner.
* The New York Times, The Financial District Gains Momentum, 8 August 2014
** New York City Economic Development Corporation (NYCEDC)
*** Commercial Observer, Lower Manhattan Hotel Industry Expands, 30 September 2014
