Famed NYC Essex House to Become JW Marriott

Iconic Central Park South hotel Essex House in New York City, according to Marriott International CEO Arne Sorenson, will soon be the JW Marriott flagship hotel.  Essex House was formerly owned by Marriot for a 15-year stint between 1969 and 1985, before it was sold to a Japanese investment company.  Sorenson claimed Marriott has been working hard to get the hotel back.

“It feels like we’ve spent the last 10 years trying to get this (hotel) back,” stated the CEO in an interview with Hotel Check-In.

Strategic Hotels, a company based in Chicago, has actually bought the hotel and Marriott will be taking care of the hotel operations.  Strategic bought the property from Dubai Investment Group for $362.3 million.  Currently known as the Jumeirah Essex House, the property consists of over five hundred guest rooms, nine condominiums and an undisclosed amount in cash reserves.  The close of the sale is anticipated to take place in the first week of September and the property’s name will then be changed to JW Marriott Essex House New York.

Sorenson claims that due to a massive renovation completed five years ago, the hotel is in fantastic shape and only minor cosmetic changes will be needed, such as changing the signage.

Strategic, a publicly held company, owns 17 prestigious hotel properties and CEO Laurence Geller stated that partnering with Marriott in the Essex House endeavour will be a tremendous success due to Marriott’s great customer service reputation.

The JW Marriott Essex House New York is expected to do well as Manhattan’s hotel market is very strong, according to experts in the real estate and hotel industry.