Hampton Inn Opening at 32 Pearl This Quarter
Lauren Elkies Schram April 7, 2014, 6:16 p.m.
A new Hampton Inn at 32 Pearl Street will be opening soon, following a two-year delay due to Superstorm Sandy-related damage, Commercial Observer has learned.
The Gene Kaufman Architect-designed eight-story hotel, which will have 81 rooms including three penthouse suites with terraces, will open later this quarter, according to Peter Majeski, manager of investor relations and finance for Hersha Hospitality Trust, the project’s developer.
Hersha has spent around $4.5 million to convert the 31,073-square-foot, 1930 Art Deco-style property, which was most recently an apartment building.
“32 Pearl Street had been through a number of transitions throughout its history,” Gene Kaufman, founder of GKA, said in a prepared statement. “We wanted to preserve its classic feel and sense of solidity and permanence while returning a number of features, like the entrance and a rooftop addition, to a look more reflective of its original design.”
Like many buildings downtown, the hotel suffered damage during Superstorm Sandy to its basement and first floor, Mr. Majeski said.
GKA has added a new lobby as well as a dining alcove, lobby lounge and fitness center.
Hersha bought 32 Pearl Street in 2011 for $28.7 million. The hotel was supposed to open in the first quarter of 2012, but damage from Superstorm Sandy stalled the plans.