Hotel Development

Standouts Hotel NYC The Standard Hotel in the Meatpacking District in New York City belongs to famous hotelier Andre Balazs, who owns, among other hotels in New York, the Mercer. The Standard Hotel is placed over concrete pylons and is located over the High Line, one of the most attractive areas in Manhattan. The total height of the building is 265 feet, with the hotel boasting 18 stories of rooms (Gardner, 2009). The total surface of the hotel is 206,872 square feet and the glass walls offer 360 degrees cityscapes.

The hotel was constructed by architect Todd Schliemann, who works for the Polshek Partnership Architects firm. Other works that Schliemann has created in the past included the Rose Center for Earth and Space, designed for the American Museum of Natural History and the Weill Greenberg Center, both in New York. The Standard Hotel has 338 guest rooms, with a variety of options, starting with the standard queen, the standard king and the deluxe queen and king.

The Hudson Studio, the Liberty Suite and the Empire Suite are some of the more expensive options in the hotel. The Standard also includes different food and drink options, such as the Standard Grill and the bar called Le Bain, situated atop the building. The hotel was constructed in 2009, on a lot for which Andre Balazs paid approximately $24 million. According to NYC Surveyors, the total cost of the construction was $100,000,000.

According to an article published in The Real Deal, in February 2014, and confirmed by the hotel's creator, Andre Balazs, the hotel was sold to Standard International for $400 million, four times the cost of construction and at an average of $1.2 million for a room. The deal is considered one of the most expensive in terms of the average price per room. The deal appears part of a more complex action of strategic diversification on behalf of Andre Balazs, who had previously sold.