The Wall Street Journal reported on March 12, 2009 that so many Goldman Sachs employees were put up in the Embassy Suites New York at Battery Park City that it was dubbed “Hotel Goldman.” Employees had been staying at the more-expensive Carlyle and Ritz-Carlton hotels.
Embassy Suites New York
102 North End Avenue, New York, New York, United States 10282
Tel: 1-212-945-0100 Fax: 1-212-945-3012
The Embassy Suites New York hotel stands in the heart of New York City’s Financial District and downtown Manhattan’s historic city landmarks, popular attractions and trendy neighborhoods of TriBeCa, SoHo and Greenwich Village. The only upscale, all-suite hotel on the waterfront in lower Manhattan, this full-service Embassy Suites hotel is directly across from the World Financial Center, adjacent to the Battery Park Esplanade, within walking distance of the New York Stock Exchange and Statue of Liberty/Ellis Island Ferry, and surrounded by parks and breathtaking views of the Hudson River and New York Harbor.
Wall Street Journal
PAGE ONE MARCH 12, 2009
At Goldman Sachs, Trimming Costs Means Bunking at Embassy Suites
It Ain’t the Ritz, but the Hotel Is Nearby, It’s Relatively Cheap and Goldman Owns It
By PETER LATTMAN and SUSANNE CRAIG
Staying at the Embassy Suites Hotel in lower Manhattan has its perks: The nightly manager’s happy hour features free beer and popcorn. Flash a room key and earn a seat at the complimentary all-you-can-eat breakfast buffet and a 10% discount at the Chevy’s Mexican-style restaurant next-door.
Guests can also rub shoulders with the bankers at Goldman Sachs Group Inc., which recently ordered that its employees stay there when visiting New York headquarters.
Now, Goldman’s travel services directs its 20,000-odd out-of-town employees—from partners down to junior analysts—to the Embassy Suites in lower Manhattan. Nicknamed “Hotel Goldman” by employees, it offers them a special corporate rate of $250 a night.
Thursday, March 12, 2009, by Joey
Battery Park City’s ‘Hotel Goldman’ Goldman Sachs employees used to be put up in the Carlyle and Ritz-Carlton when they were in town, but now they’re all being stashed away in the Goldman-owned Embassy Suites in Battery Park City, and they are not pleased, the Wall Street Journal reports: “There are grumblings about its accommodations and a wake-up call service that blares ‘cock-a-doodle-do’ into the telephone. For the many Goldman executives who visit New York for meetings in midtown Manhattan, the hotel’s location on the far southwestern edge of the island is inconvenient.” [WSJ]
Yeah, what a bummer to be downgraded to something better than many can afford!