Regent Hotels & Resorts returns to North America (United States)
Regent Hotels & Resorts has signed a partnership agreement with North American real estate development and management company, Cottonwood Management. The agreement will see Regent Hotels & Resorts returning to the North American market after ten years with the launch of two new mixed-use developments in Boston in the Seaport District and New York City on Fifth Avenue. |
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Regent Hotels & Resorts returns to North America (United States)
Regent Hotels & Resorts has signed a partnership agreement with North American real estate development and management company, Cottonwood Management. The agreement will see Regent Hotels & Resorts returning to the North American market after ten years with the launch of two new mixed-use developments in Boston in the Seaport District and New York City on Fifth Avenue. |
Category: North America & West Indies / Carribean islands - United States - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2016-03-03
Plans are progressing for Cottonwood’s Boston development, which will span over 1 million square feet. The completed project will include three towers consisting of approximately 900,000 square feet of residential space, including Regent branded residences and serviced apartments along with 125,000 square feet of retail space. Regent will also launch in Boston a new Dining Club concept; a social club that will offer residents and hotel guests a fine dining experience and a place for relaxation.
Steven Pan, Chairman of Regent Hotels & Resorts says, “We have always enjoyed a strong brand presence in the US market as a result of our original properties in New York City, Boston, Chicago and Beverly Hills. The Regent Beverly Wilshire as appeared in the movie Pretty Woman is testament to Regent’s preeminent status as the leading hotel for stars and celebrities seeking timeless classics, bespoke luxuries and discreet guest services. We have intended to return to Regent cities in the US and are happy to find the rightful partnership through Cottonwood Management.”
Alexander Shing, Chairman and Founder of Cottonwood Management says, “Regent is a global brand that is synonymous with hospitality. It has a rich history in the North American market and demonstrates a thorough understanding of contemporary luxury with a global sensibility. This makes Regent a natural partner for us to unlock the value of Cottonwood Management’s real estate platform. I very much look forward to working with Steven Pan and his expert team to bring forth the best of the Regent DNA to our properties.”
Regent Boston residences and serviced apartments are expected to commence development in Autumn 2016.
About Regent Regent is a global luxury hospitality brand encompassing hotels, resorts and residences. The Regent experience combines Eastern simplicity and Western elegance melded with gracious and intuitive service, luxurious amenities and traditional hospitality. Regent Hotels & Resorts currently operates in select locations around the world including Beijing, Berlin, Montenegro, Singapore and Taipei. Regent also has further properties opening in China’s Chongqing, Xian and Harbin and will be returning to Jakarta, to open Regent Jakarta, in 2018. For more information, please visit www.regenthotels.com
About Cottonwood Management Established in 2011, Cottonwood Management, LLC is a privately-held real estate development and management company with approximately $2.5 billion in assets under management. Cottonwood Management’s team is comprised of a diverse group of dedicated, experienced real estate professionals with expertise in real estate acquisition, management and development. Cottonwood Management and its affiliates have offices in Los Angeles and Boston, with projects in major U.S. gateway cities, including but not limited to, San Francisco, San Jose, Los Angeles, New York City, Boston, Las Vegas, Phoenix and Houston. Additional information is available at www.cottonwoodmgmt.com.
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