RESIDE Worldwide Expands Managed Asset Portfolio with Addition of The Residences at W New York Downtown
Seattle, WA – RESIDE Worldwide, Inc. (RESIDE), the leading global provider of professionally operated and managed alternative accommodations, announced they were expanding their managed asset portfolio in New York City with the addition of The Residences at W New York Downtown (The Residences).
As of October 1, 2019, Silver City Properties, LLC. is entrusting the management of their furnished units within the property to RESIDE. “We are extremely excited to partner with a world-class alternative accommodation provider like RESIDE Worldwide,” said Jennifer Zhang, American Pacific International Capital, Inc. Chief Financial Officer (Silver City Properties, LLC’s parent company). “We look forward to leveraging their superior management skills and capabilities with their 3SIXTY technology platform to achieve outstanding operating results which outperform the market,” she continued.
Located in the Financial District in New York City, The Residences present guests with 5-star, luxury long term furnished suites that are the perfect solution for long term stays in the Big Apple. This property offers a private guest entrance, 24-hour concierge services, rooftop and sun decks with views of the Hudson River, and other high-end amenities that make The Residences the best choice for business travelers in the area. Perfectly situated near major attractions such as the Freedom Tower, the Empire State Building and the Statue of Liberty, The Residences are in the heart of it all.
“The Residences at W New York Downtown make a fantastic addition to RESIDE’s New York portfolio,” said Lee Curtis, CCHP, RESIDE Chief Executive Officer and Co-Founder. “We are thrilled to have the opportunity to add a property known for its award-winning and avant-garde glass design to our brand family. We look forward to continuing to bring our turnkey management and operational solutions to New York and drive value for the Silver City Properties’ team,” he continued.
The Residences is the second managed asset in New York City for RESIDE, which has managed Manhattan’s iconic Art Deco building, The Beekman Tower, since June 2018.
RESIDE Worldwide, Inc.
Headquartered in Seattle, WA, RESIDE Worldwide, Inc. is the leading provider of professionally operated and managed global alternative accommodations with a portfolio of premier hospitality and technology brands (ABODA by RESIDE, Broadway Plaza, The Beekman Tower, The Residences at W New York, OnBase Suites and 3SIXTY). RESIDE's mission is to present a new way to stay; offering a curated experience to guests no matter the destination or duration of their stay. RESIDE aggregated a world-class partner network of over 650,000 of the best globally-compliant accommodations options in over 170 countries to satisfy growing consumer demand for high-quality, flexible and vetted housing solutions for business or leisure travel.
American Pacific International Capital, Inc.
American Pacific International Capital, Inc. (APIC) is a California-based real estate company founded in 2002. APIC is a diversified international investment holding company with businesses throughout the U.S. and China.
About Westbridge Capital Ltd.
Westbridge is a private equity management company. Westbridge focuses on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.