Located at the intersection of the Bowery and Grand Street, theeight-story Best Western has amenities including a complimentarycontinental breakfast, an exercise facility and a business center.Guestrooms feature high-speed Internet access. "New York is acritically important US market, and we continue to expand ourpresence there," says Thomas Hewitt, CEO at Interstate. "The BestWestern is our first hotel on the vibrant Lower East Side and ourfirst project with Ben Wong, a well respected and progressiveentrepreneur. Our management pipeline remains quite active, withcurrent owners being an important source of new business."

Leslie Ng, CIO of the firm, says that the "growing New Yorkportfolio also includes five hotels that we operate elsewhere inthe state, bringing our total to 14 hotels statewide. This clusterstrategy allows us to take advantage of significant operatingsynergies and economies of scale. New York remains one of the mostrobust markets in the nation, and we continue to drive performancefor our owners."

According to Interstate's website, other Manhattan hotelsmanaged by the firm include: Wingate by Wyndham Manhattan Midtownat 235 W. 35th St.; Courtyard Times Square South at 114 W. 40thSt.; Comfort Inn Manhattan-Murray Hill at 42 W. 35th St.; theRoosevelt Hotel New York City at 45 E. 45th St.; Hilton TimesSquare at 234 W. 42nd St.; and the Residence Inn Times Square at1033 Avenue of the Americas.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.