Lightstone’s President Mitchell Hochberg on lifestyle hospitality
The entrance to the Moxy Hotel in Chelsea, NYC
President of Lightstone Mitchell Hochberg has put his stamp on New York with multiple real-estate developments, including luxury residences 130 William Street and 40 East End Avenue. In partnership with Marriott International, Lightstone are also developing lifestyle hotel brand Moxy, which has multiple properties spread across the US, Europe and Asia. LUX speaks to the entrepreneur about succeeding in a saturated market, New York real estate and working with the world’s biggest architects.Â
President of Lightstone Mitchell Hochberg
LUX: Lightstone is one of the largest privately held real estate companies in the US with your focus mainly in New York City. How do you succeed in such a saturated market"
Mitchell Hochberg: We?ve been able to distinguish ourselves by staying true to two common threads ? across each of the various real estate segments in which we develop, each of our projects is entirely unique and as well, features a strong design aesthetic.
For instance, with our Moxy hotels, we saw an opportunity to be the first to develop an affordable micro-room, macro-amenity lifestyle hotel in New York, defining a new category of hotels amidst a sea of luxury lifestyle and lacklustre select service properties.
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In each of our projects, we strategically partner with architects and designers who have a strong design aesthetic, allowing us to create buildings that ...
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