The hotels will share the main entrance on 54th Street The hotels will share the main entrance on 54th Street

US-based hotel operator Marriott International and ownership group Granite Broadway Development have signed a franchise agreement to develop a 68-floor multi-million dollar property housing two hotels in New York.

The Courtyard and Residence Inn Manhattan/Central Park will house the 378-room Courtyard by Marriott hotel and the 261-room Residence Inn by Marriott at 1717 Broadway St (54th Street). Designed by architect Nobutaka Ashihara, the building will rise 752 feet and nine inches high, making it the tallest stand-alone hotel building (without office or residential space) in New York.

The project will open in late 2013 and will be managed by Interstate Hotels and Resorts.

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“This project is a long time coming, and we believe that these two brands, along with the leased retail shops and restaurant, will offer needed services in this part of Manhattan,” said Ronnie Gross, vice president of Granite Broadway Development.

The hotels will share a main entrance and arrival lobby on 54th Street, with public areas for the Residence Inn on the third floor and for the Courtyard on the fourth floor. Guest rooms for the Courtyard will be located on floors six through 32 and for Residence Inn on floors 36 through 64, with separate elevator banks to serve the guestrooms and public areas for each brand.

In addition to groundfloor retail space, a leased restaurant will occupy the 2nd floor, and a 5th-floor lounge and terrace with outdoor seating will have a great view overlooking Broadway. Both hotels will share a fitness facility on the 34th floor.

The Courtyard hotel will provide a refreshing environment for business and leisure travellers, while the Residence Inn will offer all-suite accommodation for longer stays. The property will also incorporate leased retail and restaurant space.

In April of this year, Marriott announced plans to snatch the title of the world's tallest hotel tower building with the opening of its eighth Dubai property next year.

The current title holder, the Rotana-owned Rose Rayhaan hotel in Dubai, stands at 330m-high but will be eclipsed by the 355m JW Marriott Marquis Hotel after its 2012 launch.