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RXR Realty Alters Portfolio for Hospitality Accommodations

The New York-based real estate investment management firm is allocating 20 to 30 percent of its buildings for hospitality and amenities.

RXR Realty CEO Scott Rechler and Wall Street Journal Reporter Peter Grant.

NEW YORK CITY – RXR Realty envisions a new future for office-tenant interaction. The firm is aiming for 24 hours/ 7 days a week engagement with its office properties that extend beyond the typical 9 to 5 workday through the draw of amenities.

The New York-based real estate investment management firm is allocating 20 to 30 percent of its buildings for food and beverage, lodging marketplace firm Airbnb, and partnering with flex-office provider Convene to activate its building beyond traditional time uses, said the firm’s CEO Scott Rechler at a fireside chat at the 2019 MIPIM PropTech conference in partnership with MetaProp.

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Mariah Brown

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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