- CONTACT: Joel G. Cahn or George M. Cahn
- Cahn Communications
- (201) 996-9222
- 11 August 2003
HOBOKEN, N.J.— Applied Development Company has officially signed
an agreement with W Hotels to build the W Hoboken Hotel and Residences
along this city's southern Hudson River waterfront.
The new 25-story hotel will feature 225 rooms and 40 luxury condominium
residences, reports the Hoboken-based developer. Starwood Hotels &
Resorts Worldwide, Inc. will operate the facility, which is being
designed by the award-winning architectural firm Gwathmey Siegel &
Associates.
Scheduled to open in September of 2006, the hotel and residences will
be the fourth of its type in the U.S. to carry the "W" name,
joining similar facilities in Scottsdale, AZ; Fort Lauderdale, FL
and Dallas, TX. It will be the 26th hotel to join the brand's growing
worldwide portfolio.
"This is a remarkable milestone in the history of this city,"
noted Hoboken Mayor Dave Roberts at a press conference called to announce
the official agreement."It will be a joint undertaking by one
of the premier hotel providers in the nation and one of New Jersey's
most prominent developers, owners and managers of real estate.
"It is also a major step in enabling Hoboken to take its rightful
position as one of the leading cities in both Hudson County and the
state at a time when it is celebrating its 150th anniversary."
The new W Hotel will be ideally located on the riverfront with spectacular
unobstructed views of the Manhattan skyline.
"Bringing an architect of Charles Gwathemy's stature into the
fold will ensure that this will be a world-class facility that will
stand as a proud landmark along this city's waterfront," notes
Michael Barry, an Applied principal.
"The hotel's proximity just steps from the Ferry terminal and
PATH station will allow guests and residents to conveniently enjoy
Manhattan's business, cultural and entertainment venues, while the
Meadowlands Sports complex, Newark Liberty International Airport and
the restaurants, shops and nightlife of Hoboken's vibrant downtown
district are also close at hand."
The striking hotel will feature W's signature Living Room experience,
a bar with panoramic Manhattan views, a destination restaurant, a
5,000-sq.-ft. Bliss Spa and fitness facility and more than 11,000
square feet of meeting space.
"Condominium owners will have all the benefits of being attached
to a W Hotel," Mr. Barry indicates. "This includes full
use of all facilities, as well as the option to enjoy 24-hour room
service, daily maid service and concierge services."
Applied Development Company has a 30-year history of focusing on the
redevelopment and revitalization of New Jersey's urban centers. Applied
and its principals have developed thousands of residential units and
hundreds of thousands of square feet of commercial space throughout
New Jersey, and continues to own and manage the overwhelming majority
of this portfolio.
Equal Housing Opportunity