A joint venture between Brack Capital Real Estate (New York) and InterContinental Hotels Group (IHG, Atlanta) plans to turn a stalled development project at 180 Orchard Street into a 290-room hostelry with retail space and parking.
The property will be under the Hotel Indigo name, a boutique brand that is part of IHG, which includes InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts.
The new property is scheduled to open in 2013 and will include a restaurant, bar, state-of-the-art fitness center and outdoor pool.