Langham Hospitality buys luxury New York Hotel

Hong Kong-based Langham Hospitality Group has bought the Setai Fifth Avenue hotel in New York with the property joining the Langham portfolio in January 2013. 

To be rebranded as Langham Place, the hotel will look to offer contemporary lucury living in the heart of Manhattan boasting “stylish design and stimulating art”.

The group said the move signalled its long-term expansion plans for key gateway cities in the US.

The firm already operates Langham hotels in Boston, Pasadena Los Angeles, and Chicago (opening Third Quarter of 2013).

Currently 28 member hotels are open or in the pipeline across four continents.

 In June, the group also expressed an interest in bringing its hotels to the Gulf region, with plans to double its luxury porfolio globally within the next few years.