Regent Hotels & Resorts has signed a partnership agreement with North American real estate development and management company, Cottonwood Management.
The agreement will see Regent Hotels & Resorts returning to the North American market after ten years with the launch of two new mixed-use developments in Boston in the Seaport District and New York City on Fifth Avenue.
Plans are progressing for Cottonwood’s Boston development, which will span over one million square feet.
The completed project will include three towers consisting of approximately 900,000 square feet of residential space, including Regent branded residences and serviced apartments along with 125,000 square feet of retail space.
Regent will also launch in Boston a new Dining Club concept; a social club that will offer residents and hotel guests a fine dining experience and a place for relaxation.
Steven Pan, chairman of Regent Hotels & Resorts said: “We have always enjoyed a strong brand presence in the US market as a result of our original properties in New York City, Boston, Chicago and Beverly Hills.
“The Regent Beverly Wilshire as appeared in the movie Pretty Woman is testament to Regent’s preeminent status as the leading hotel for stars and celebrities seeking timeless classics, bespoke luxuries and discreet guest services.
“We have intended to return to Regent cities in the US and are happy to find the rightful partnership through Cottonwood Management.”
Regent Boston residences and serviced apartments are expected to commence development in autumn 2016.