Selina, a coworking firm that marks WeWork CEO Adam Neumann as an investor, has plans to open its first New York City location.
The hotel and coworking company announced a 20-year lease for all 63,000 square feet of the 138 Bowery building. It will include 90 hotel rooms, 2,000 square feet of coworking space, a rooftop bar, and retail space.
Emmut Properties developed the 138 Bowery building as a mixed residential and hotel building, but ended up leasing the entire building to a hotel operator instead, according to Yoav Gery, the company’s president. In 2015, the company bought the development site for $47 million.
Selina was founded in Panama in 2015. It manages hostels and office space buildings tailored to the ever-growing digital nomads of the world. It has since expanded its services throughout Latin America and Portugal and is aiming to open 15 U.S. locations by 2020