New York Mixed-Use Development Plans Second Hotel
Main Photo: Bellefield’s Village Green will include dining, shopping, art galleries and artist studio lofts. Photo credit: Bellefield Development Partners
Date: May 2019
Location: Hyde Park, Hudson Valley, New York, NY, USA
Name: TBA
No. of Keys: 150
Buyer/Developer: Bellefield Development Partners, an affiliate of real estate firm T-Rex Capital Group, has begun planning Phase II of construction on its $500 million development project Bellefield at Historic Hyde Park in Hyde Park, N.Y. This next stage will include the construction of a second hotel, as well as a mix of retail and residential space.
The second hotel, a high-end, 150-room property, will include signature restaurants by celebrity chefs, a spa, a conference centre, an indoor/outdoor pool and a sports facility.
To be located immediately adjacent to the first hotel, it will rise five stories and overlook the Hudson River and Hudson Valley. Bellefield Development Partners has partnered with Shaner Hotel Group and Bob McCarthy, a former COO at Marriott International, for both this second hotel and the first one, currently in construction.
Shaner has a portfolio of 50 hotels, 6,000 rooms in 17 US states, which they own/manage.
Phase I of construction began in July 2018 and is still underway. This first step has involved setting up the entire property’s infrastructure, as well as building its first hotel, The Inn at Bellefield – a 133-room lifestyle Residence Inn. This initial work comes at an initial combined investment of $60 million.
The development, located across from the Culinary Institute of America, aims to be a “hospitality, culinary and sustainable agrihood destination.” Fifty-eight percent of its 339 acres will remain wooded and undeveloped and another 48 acres will be dedicated to agricultural use. It will include culinary shops, farm-to-table restaurants and a special event barn.
THPT Comment: A fab development for New York
First Seen: Hotel Management
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