Luxury hotels follow as Wall Street companies move to the West Side

Relocation of tenants like KKR and EY creates opportunity. Brookfield, Pendry to offer high-end rooms at Manhattan West

Blue-chip office tenants are migrating to Manhattan’s far west side. It’s only a matter of time before the luxury hotels follow.

Brookfield Property Partners has signed up Pendry Hotels, a boutique brand owned by Montage International, to manage a 164-room hotel at Manhattan West, the developer’s 7 million-square-foot project adjacent to Related Cos’ Hudson Yards. By the time the hotel opens in 2021, it will be surrounded by illustrious office tenants including KKR & Co, Wells Fargo & Co, EY and Amazon.com.

“We’re trying to create a mixed-use place with a lot of energy, vibrancy, all with one specific goal -- to