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Real Estate Scion, Matthew Moinian Branches Out Into Hotels


Real estate scion Matthew Moinian cut his teeth in the family business as the project manager of the W New York Downtown,which opened in 2010. Now the 29-year-old senior vice president of Moinian Group is opening a hotel apart from his father Joseph’s vast empire of commercial and residential buildings. He turned to his uncle Morris Moinian’s Fortuna Realty Group to partner in Hotel Hugo,a 122-room property at 525 Greenwich St. that is opening this week. It will be the first of many hotels the younger Mr. Moinian expects to open.