Hospitality

NEW YORK CITY — Chesapeake Lodging Trust has acquired the newly developed 185-room Hyatt Place New York Midtown South, located at 52 W. 36th St. in New York City, for $76.2 million. The hotel, which opened last week, features 250 square feet of flexible, high-tech meeting/function space, a café and 24/7 Gallery Menu. Real Hospitality Group, the operator of Chesapeake’s other hotel in New York City located on 31st Street, will manage the hotel. Fairfield, N.J.-based Chesapeake funded the acquisition with available cash on hand, a credit at closing equal to the outstanding balance of a construction loan provided to the seller, and a $35 million advance under Chesapeake’s $60 million term loan obtained in July 2012.

NEW YORK CITY — The U.S. Green Building Council has awarded Conrad New York, a luxury waterfront hotel, located in Manhattan’s Battery Park City, LEED-Gold certification for new construction. Some environmentally friendly features at the Conrad include: a green roof and roof garden with vegetables used by Conrad New York’s signature restaurant ATRIO and Chef Floyd Cardoz of Danny Meyer’s restaurant North End Grill; bike racks for public use; and low-flow plumbing fixtures that help the hotel reduce its water consumption by more than 30 percent. Other features include light-emitting diode (LED) lights for more than 60 percent of all lighting at the hotel, low volatile organic compound (VOC) materials to promote indoor air quality, locally sourced materials, Forest Stewardship Council (FSC) certified wood and Energy Star kitchen equipment.