Hyatt Hotels and Extell Development Corporation are to introduce the Park Hyatt luxury brand to New York with a newly-constructed hotel designed by Pritzker Prize-winning architect Christian de Portzamparc.

Park Hyatt New York will be located at 157 West 57th Street between Avenue of the Americas and Seventh Avenue, opposite Carnegie Hall. Slated for completion in 2012, the 210-room hotel will be part of a 90-storey mixed-use tower that will also feature 135 Thomas Juul-Hansen-designed luxury condominiums with views of Central Park and the New York skyline.

In addition to a distinctive bar and restaurant and 5,000sq ft (4,645sq m) of retail space, the property will include a meeting facility with a grand ballroom and event space, plus a spa, fitness centre and indoor swimming pool which will occupy three storeys at the top of the hotel. Interior design will be by Toronto-based Yabu Pushelberg.

Twelve previously announced Park Hyatt hotels are under development, which - once completed - will increase the number of Park Hyatt properties worldwide to 38 over the next five years.