Creative: Park Hyatt New York's $50K Per Night Suite

Silly question, but is this legal? The property wouldn’t be zoned for a hotel, and New York City’s short term rental laws are pretty strict... then again they were written to benefit the hotel industry so....

This is whats wrong with this country.

Well if you're planning to stay longer than 77 weeks it makes more sense to actually buy the place! 😉

This looks like a desperate play by Extell to rent out a model unit. Hard to think Hyatt is ok with this as it makes the hotel look bad (not to mention the interiors are not up to Park Hyatt standard)

So I can book this as a premium suite for 60k points per night or 420k points for the week?

@Andrew Y It's on the Hyatt website so would be hard to image Hyatt are not okay with it? And having stayed at a few Park Hyatts it would say from the photos the interiors are above normal PH standard. That said, hard to see how often they'd be able to find someone to book this? But I guess two weeks at this rate would be roughly more income that 52-weeks of normal renting of this type of apartment so if you only need to rent it 2 weeks a year to breakeven it probably works.

I can’t help but wonder if this concept has even been cleared with the condo board, since many condo buildings have rules against short term rentals, etc.

Doesn't matter, it violates NYC's short-term rental rules (lease terms of less than one month in a multi-unit building) -- as enacted with the financial support of. . . the hotel industry.

I am curious why you call this Park Hyatt their "Flagship" property? Hyatt headquarters is in Chicago so one would assume, if they even had one, that this would be the"flagship." I don't think either really qualify though as that special a property. The best ones are in Europe and Asia.

Seconding Stuart's question. There are quite a few very high-end Park Hyatts (and more famous ones), so I'm curious why Park Hyatt New York is their "Flagship"? My money would be on Paris or Tokyo.

Also - is anyone else not terribly impressed by the Park Hyatt New York? The views were lackluster, the decor is generic, the food was okay, and the service wasn't terribly brilliant (while I was there at least - concierge was useless for restaurant recommendations). The only thing I really liked about the hotel was the gym, as all city Park Hyatt's in my experience have stunning gyms.

Wonder if I can use my suite upgrades to get this? Joking....

Citi prestige 4th night free?

Builders control the buildings HOA until a certain percentage of units are purchased or a certain number of years have passed (officer terms expired.) If this is still the case they can allow anything they want as far as short term leases, marketing, etc. Obviously they must conform to local laws regarding the same but can likely circumvent any HOA rules by granting "waivers" for specific units, etc.

Hey, your all missing the obvious

Will they also add a $25.00 per night property fee?

I stayed at this property last week, and I was not impressed. There are better choices of hotels in the City for the price they are charging for the regular rooms.

Definitely not one of the better Park Hyatt properties I have stayed. Sydney is still my favorite.

What do the resort and parking fees look like? Is it valet or self park?