Park Hyatt Hotel is the most expensive hotel to be built in New York city


The new Park Hyatt luxury hotel which will open its doors in New York by 2012 is reported to be the most expensive hotel to be built in New York City. Estimated at $1.8 million-per-key which totals up to $375 million for the 210-room luxury hotel, it will also be renowned as the city’s first newly built five-star hotel since 2003.
[CrainsNewYork]

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