Palladium Hotel Group has been selected to manage the new 45 Times Square Hotel, a property of Ferrado Hotel, owned by the Rosp Corunna Group, a family office of Sandra Ortega, when it debuts in June. The 139-room property will be converted into an Only YOU Hotel, a premium-lifestyle brand for Palladium’s urban destinations.
“This new opening is a major milestone for Palladium Hotel Group, as it’s the first hotel we will be managing in the U.S.,” said Jesús Sobrino, CEO, Palladium Hotel Group. “New York is also one of the most sought-after destinations in the world by travelers all around the world and we think that Only YOU Hotels will be a perfect fit with the innovative and urban style of the city.”
Juan Serra, GM, Only You Hotels, added, “From Only YOU Hotels’ perspective, it’s strategic to have a presence in one of the most influential cities in entertainment, fashion and culture at a global level. From Palladium Hotel Group, we are working to transform the asset, following the trend of the brand, mimicking the city and welcoming those that come to enjoy all of their experiences.”