IHG announces big NYC deal with Extell

NEW YORK CITY - Developing a hotel in New York City is no easy task today considering the costs associated with construction and all the other complexities of building there, but with room rates sky high and no sign of abating adding to what has been a decreasing hotel supply there would be a coup.

Enter New York-based developer Extell Development Company, which announced it will open in late 2025 a 33-story, 529-room Kimpton-branded hotel from IHG Hotels & Resorts.

Located on 48th Street between Fifth and Sixth Avenues and marking Kimpton Hotels & Restaurants third hotel in the market, Kimpton Rockefeller Center will be brought to life by New York City-based SLCE Architects and interior design studio INC Architecture & Design. IHG already has the Kimpton Hotel Eventi in Chelsea and the Kimpton Hotel Theta is just a half of a mile away from the newly planned hotel.

The new hotel will include two full-service restaurants, a lobby lounge and a rooftop bar. Additional amenities will include a fitness center and two spaces to host meetings and social gatherings. The hotel will also have pet-friendly policies.

“We are thrilled to be working with Kimpton Hotels & Restaurants and the opportunity to bring our experience developing some of the best commercial and hospitality developments, as well as city-defining skyscrapers, to the new Kimpton Rockefeller Center,” said Elysa Goldman, senior vice president, Development, Extell Development Company. “Offering the best in the business of real estate, hospitality and service, Extell and IHG are creating what will be one of the finest hotels with a robust food and beverage program as well as iconic views of Rockefeller Center and the city skyline in one of New York City’s most visited neighborhoods.”

There are 75 Kimptons open globally with an additional 57 properties scheduled to open in the next three to five years across destinations such as Riviera Maya, Lisbon, Riyadh and Brisbane.