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Sterns deny actively seeking site for 3rd luxury hotel in Manhattan.


Hartz Group, owned by Leonard Stern Leonard Stern is the name of several people:
  • Leonard N. Stern, (fl. 2000), American financier
  • Leonard B. Stern, (fl. 1950s), American game creator & publisher
, is has no plans to build a new hotel in midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Manhattan, despite published reports.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Emanuel Stern, the company's president, "If something interesting came up we would look into it. But we are always looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 new deals. At this moment we have no plans to build new hotels wahtsoever."

Currently, the Hartz Group owns six hotels in New Jersey and two luxury hotels in Manhattan, the ultra-chic SoHo Grand opened in 1996 and the TriBeCa Grand at 2 Avenue of the Americas which formally opened just last week.

Entertaining a third grand-concept hotel in Manhattan would seem to depend on how its newest venture goes at the TrBeCa Grand, and there is the question of whether Manhattan can absorb an additional ultra luxury hotel, despite the strong economy in the city.

Rooms at the just opened TrBeCa Grand start at $400 a night for a single room, all with the amenities of free local calls and Internet accesss See how to access the Internet. .
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Title Annotation:Hartz Group's Leonard Stern
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 7, 2000
Words:167
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