NYLO Hotels LLC announced the first franchises of its urban loft hotels today at a gathering of hospitality insiders during the 2009 Americas Lodging Investment Summit, San Diego, Calif.
The new-build projects are for full-service NYLO hotels with W Developments, LLC, Chicago, and Sentry Hospitality, Ltd., New York, and for a select-service XP by NYLO with Behringer Harvard, Dallas. W Developments will build a 179-room hotel in Chicago’s vibrant West Loop neighborhood. Sentry will develop a seven-story NYLO in the heart of New York’s Financial District and Behringer Harvard will build the first XP by NYLO, a 127-room property in Frisco, Tex.
“We’re proud to welcome to the NYLO family these top caliber firms with proven track records for developing unique properties,†says John Russell, CEO, NYLO Hotels. “Despite the difficult economy, NYLO continues to grow. We have a robust franchise program, with more than 40 sites in the pipeline. NYLO Providence/Warwick opened last September to rave reviews, and NYLO Dallas/Las Colinas, our largest property, is on track to make its debut early in the third quarter of 2009.â€
