The Al Rayyan Tourism Investment Company (ARTIC) successfully celebrated the official opening of the Crowne Plaza Manhattan Times Square. This opening followed a major transformation of one of the company's prominent hospitality assets in New York City and represents an important milestone in ARTIC's hospitality portfolio in the United States.
Opening Details
The ceremony was attended by Sheikh Faisal bin Qassim Al Thani, Chairman of Al Faisal Holding; Sheikh Thani bin Faisal Al Thani, Board Member of Al Faisal Holding; Tarek M. Al-Sayed, CEO and Executive Director of ARTIC; Cyril Maouad, Chief Operations Officer; Gregory Polino, Head of Asset Management – United States; and Mohammed Al-Sayed, Vice President of Asset Management – United States.
The Crowne Plaza Manhattan Times Square, located at 790 Seventh Avenue, features 22 floors and 685 rooms and suites with city views. This hotel is situated in the heart of Manhattan, near Times Square, Rockefeller Center, the Broadway Theater District, and Central Park. The extensive transformation applied to this hotel aims to strengthen its position in one of the world's most important and competitive hospitality markets.
ARTIC's Investment Strategy
This opening represents a significant milestone in ARTIC's strategy for investing in quality hospitality assets in top global cities and destinations. ARTIC seeks to continuously develop its portfolio, enhance the performance and competitiveness of its assets, and support its growth and expansion in international hospitality markets.
Sheikh Faisal bin Qassim Al Thani stated at the ceremony: "The opening of the Crowne Plaza Manhattan Times Square in its new form is another milestone in ARTIC's international journey. Since the establishment of this company, our vision has been clear: to build a diverse portfolio of premium hospitality assets in some of the world's most important destinations."
Tarek M. Al-Sayed, CEO of ARTIC, also added: "The opening of the Crowne Plaza Manhattan Times Square in its new form is an important milestone for this hotel in ARTIC's international portfolio. This transformation has addressed the enhancement of guest experience and introduced contemporary design throughout the hotel."
This project has focused on optimizing space and employing sustainable materials and practices that support the long-term performance of the hotel. Additionally, changes have been made in all aspects of the hotel, from design, rooms, and amenities to dining, meeting, and event spaces, while preserving the unique identity of this asset and its connection to New York City.
The United States remains a strategic market for ARTIC, and the company sees attractive opportunities for continued growth in this market. ARTIC will continue to invest in its existing portfolio and seek new opportunities and partnerships that can strengthen its presence and support the ongoing growth of its international portfolio.
