Overview
- Fattal completed its purchase of The Blakely in Midtown Manhattan and has the property closed while it undertakes redevelopment.
- The Blakely is a pre‑war building with 117 guestrooms, including 42 suites, and room sizes that are larger than Manhattan averages near Central Park, Times Square and Fifth Avenue.
- Fattal says it will execute a comprehensive renovation and repositioning and expects to reopen the hotel in mid‑2027 under an existing group brand.
- Company leaders framed the deal as the group’s first U.S. hotel investment and a strategic step that leverages Fattal’s portfolio of 329 hotels in 22 countries, including Leonardo Hotels and NYX Hotels.
- The temporary closure and repositioning follow a common urban-luxury playbook and could presage more U.S. moves by European operators while changing supply and product mix in Midtown Manhattan.