Marriott Vacations Worldwide Agrees to Purchase The Strand Hotel

ORLANDO, FL—Marriott Vacations Worldwide has taken over management of The Strand Hotel in New York City and, subject to certain conditions being met, has also agreed to a capital efficient purchase of the 176-room hotel in phases over time, beginning in 2018, and plans to make it part of its vacation ownership program. The hotel is located on 37th St. between Fifth and Sixth Aves.

“New York City has been on our list as a destination for our owners to explore for quite some time,” said Stephen P. Weisz, president and CEO of Marriott Vacations Worldwide. “The location of this property puts our owners right in the heart of Manhattan, where they can experience firsthand the vibrant energy the city has to offer. I am excited about this opportunity as a destination for our owners and as a new sales location, continuing our strategy of growing our network of resorts.”

Marriott Vacations Worldwide anticipates that it will rebrand The Strand as a Marriott Vacation Club in early March. Reservations for owner usage through the Marriott Vacation Club exchange program will be offered as early as mid-February  for arrivals beginning in early March. In addition, the company plans to open its new Manhattan sales location by the middle of 2016.

Guestrooms at the hotel feature high-definition, flat-screen televisions; complimentary wireless Internet access; daily housekeeping service; and spa-inspired bathrooms adorned in European-style tiling, granite countertops, custom wood cabinetry and top-of-the-line fixtures.

The Strand also includes The Strand Bistro, an intimate New York dining experience, and a rooftop lounge, The Top of The Strand, which features a retractable glass enclosed roof overlooking the Empire State Building.