Exclusive San Vicente Debuts in West Village, Elevating NYC’s Luxury Real Estate Scene

In a significant addition to New York’s ultra-high-end commercial real estate landscape, the San Vicente club opened its doors Friday at 115 Jane Street in the West Village, adjacent to the former Jane Hotel property. This debut marks a pinnacle moment in Manhattan’s exclusive members-only club sector, representing a premium investment in one of the city’s most coveted neighborhoods.

The San Vicente arrives from Los Angeles, where it has established itself as a sanctuary for A-list clientele including Meghan Markle and Prince Harry. It joins Manhattan’s growing portfolio of exclusive venues including Jean-Georges’s Chez Margaux, London import the Twenty Two, ZZ’s from Carbone, Tao’s Crane Club, Zero Bond (a favorite of Mayor Eric Adams), and Casa Cipriani.

What distinguishes this property development is its exceptional exclusivity model. The club maintains complete separation from the adjacent hotel operations, with neither clientele having access to the other’s facilities. More notably, San Vicente’s membership criteria extend beyond mere wealth—even billionaires aren’t guaranteed entry without the right cultural capital and connections.

The West Village location has been in development since 2022 when owner Jeff Klein acquired the Jane property. Klein’s real estate portfolio includes the prestigious Sunset Tower Hotel in Los Angeles, which he purchased for $18 million and transformed into an iconic venue that hosted Vanity Fair’s Oscars parties for years.

Unlike some competitors in the market that command initiation fees reaching $20,000-$30,000, San Vicente’s fee structure ranges from $3,000-$15,000 for initiation and $1,800-$4,200 in annual dues, varying based on age. This pricing strategy positions the property in a unique segment of the luxury market.

The property features multiple revenue-generating spaces including ground floor and rooftop restaurants, plus food service throughout various amenity areas such as the drawing room, billiards room, and disco. Chef Nicholas Ugliarolo, formerly of Jean-Georges management and ABC Kitchen, leads the culinary operations after a rigorous selection process that reportedly involved over 100 candidates.

The food program offers a sophisticated menu with items ranging from $18 appetizers to $58 seafood entrées, positioning the venue in the premium dining sector. Bar operations are led by industry veteran Aaron Thorpe, previously associated with prestigious establishments including Raoul’s, Le Coucou, and Stephen Starr properties.

Industry analysts are watching closely to see if New Yorkers will embrace this West Coast import, particularly given Klein’s exacting standards. As Klein himself noted, New York presents significant challenges for achieving success in the luxury hospitality and real estate sectors.

Klein’s hands-on management style has been compared to that of the late Joe Allen, with The New York Times noting “You feel Jeff’s presence in every way” throughout the property. This attention to detail has been a hallmark of Klein’s previous successful real estate ventures and appears to be central to the San Vicente business model.

Source: Eater NY

Photo credit via San Vicente Clubs

New York City’s Historic Pierre Hotel Hits Market, Signaling Luxury Hospitality Gold Rush

In a move that underscores the growing appetite for premium hospitality assets, The Pierre—one of New York City‘s most prestigious five-star hotels—has been put up for sale. The iconic property, which has graced the corner of Fifth Avenue and 61st Street since 1930, represents a rare opportunity for investors to acquire a piece of Manhattan’s luxury hospitality legacy.

The offering includes 189 hotel rooms, along with the property’s retail spaces and dining establishments, though the approximately 80 co-op residences within the building will remain separately owned. The sale is being orchestrated by the co-op board, which currently owns the hotel operations and will be the beneficiary of the transaction.

Douglas Harmon, co-chairman of capital markets at Newmark Group Inc., who is handling the sale, emphasizes the unique position of such properties in today’s market. “Luxury hotels, especially those in marquee cities that provide branding opportunities, are a rare and hot commodity,” he notes, highlighting the scarcity of such investment opportunities.

The Pierre’s availability comes at a time when ultra-luxury hospitality assets are experiencing unprecedented demand from high-net-worth investors and institutional buyers. The property, currently operated by Taj Hotels since 2007, stands as a testament to timeless elegance, with its prime location offering unparalleled views of Central Park and easy access to Manhattan’s most coveted shopping and cultural destinations.

This potential sale aligns with a broader trend of major hotel acquisitions in the American luxury market. Recent months have seen several notable transactions, including the Reuben brothers’ acquisition of Florida’s W South Beach for over $400 million, Oracle co-founder Larry Ellison’s purchase of the Eau Palm Beach Resort & Spa, and a joint venture led by Ares Management Corporation securing the Hyatt Regency Orlando in a billion-dollar deal.

The Pierre’s distinctive position in the market is further enhanced by its storied history. Since opening its doors during the Great Depression, the hotel has maintained its status as one of New York’s most prestigious addresses, hosting royalty, heads of state, and entertainment icons throughout its 94-year history.

While the exact structure of the potential deal remains to be determined, industry experts anticipate significant interest from both domestic and international investors. The opportunity to acquire such a well-positioned asset in Manhattan’s luxury hotel market—particularly one with The Pierre’s reputation and Central Park location—is expected to attract premium offers from serious contenders in the hospitality investment space.

For potential buyers, The Pierre represents more than just a hotel acquisition; it offers the chance to own a piece of New York City’s architectural and cultural heritage while tapping into the robust luxury travel market. As tourism continues to rebound in post-pandemic New York, premium properties like The Pierre are particularly well-positioned to capture high-end domestic and international travelers seeking exceptional accommodations and services.

The timing of this offering coincides with a period of strong recovery in New York’s luxury hotel sector, suggesting that The Pierre’s next chapter could mark another significant milestone in the property’s distinguished history. As the sale process unfolds, the hospitality industry will be watching closely to see who secures this crown jewel of Manhattan’s hotel landscape.

Upper East Side

Nobu Hospitality and Asset World Corp. Unveil Plans for Plaza Athenee Nobu Hotel and Spa New York

Nobu Hospitality has entered into a strategic partnership with Asset World Corp. to inaugurate the Plaza Athenee Nobu Hotel and Spa New York, an upscale 145-room hotel development situated on the Upper East Side of Manhattan in New York City. Situated between Park and Madison Avenues on 64th Street, the hotel will feature suites with both indoor and outdoor glassed terraces. Additionally, the property will offer a townhouse rental option, providing exclusive services. The suites, equipped with indoor and outdoor glassed terraces and gazebos, will be complemented by the townhouse’s distinctive offerings.

Noteworthy amenities encompass a traditional Japanese onsen bathing facility, a spa, and a wellness center. Plaza Athenee Nobu Hotel and Spa New York will boast a Nobu restaurant, offering an omakase experience—a Japanese dining style where guests entrust their menu choices to the chef. The hotel will also house a bar and lounge, along with a rooftop area designed for private events. Expected to be finalized by 2026, Asset World Corp. will oversee the comprehensive development of the project, managing both its conceptualization and design.

The collaboration has also revealed intentions for the creation of The Plaza Athenee Nobu Hotel and Spa Bangkok in Thailand, with the estimated development cost yet to be disclosed. Nobu Hospitality CEO Trevor Horwell expressed gratitude for the close collaboration with the AWC team, led by visionary CEO Khun Wallapa Traisorat. In a statement, Horwell mentioned, “The Plaza Athenee Nobu Hotel and Spa Bangkok and the Plaza Athenee Nobu Hotel and Spa New York will redefine the standards of luxury and sophistication not only in Thailand but also in the U.S. This partnership allows us to embark upon an extraordinary journey together.” This announcement comes on the heels of an exclusive agreement signed in July between AWC and Nobu Hospitality to introduce the first Nobu restaurant in Thailand, located on the top floor of The Empire—AWC’s flagship lifestyle mixed-use office complex in Bangkok’s central business district.

Source: Hotel Management 


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