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US: Denihan Hospitality Group has announced the signing of a management agreement with Ark Partners for the 177-room Shoreham hotel in Manhattan.
The addition of The Shoreham gives Denihan a total of 12 luxury and upper upscale properties in New York City, with a total of 2,577 rooms.
In addition to five properties in Denihan’s Affinia brand, its NYC portfolio includes The James New York in SoHo, luxury independents The Surrey and The Benjamin, and several independent properties including two others owned by Ark Partners, The Mansfield and The Franklin.
David Duncan, president of Denihan, said: “This agreement reaffirms our commitment to expanding our portfolio in New York and other key urban markets across the country. We are delighted to be building upon our relationship with Ark and adding the Shoreham to our growing collection of boutique hotels.”
Brad Reiss, chairman and CEO of Ark Partners, said: “This is a natural evolution of our strategy of aligning our New York City hotel assets with likeminded, proven hotel operators. We are confident that as an Affinia, the Shoreham will draw on the strength and success of one of Denihan’s proprietary brands.”
www.shorehamhotel.com
www.denihan.com
