The company has plans to add an extra 100 units for “more conventional co-living,” by building additional floors on top of the existing five-story hotel, Garfield said. Guests will have “full access to the co-living experience,” including social and cultural events and flexible communal spaces, Collective spokesperson Samantha Garfield said. Every room has a private bathroom with a hairdryer and bath amenities. Each room at The Collective Paper Factory offers a flat-screen TV, coffee machine, 12-foot ceilings and cozy decor. The Collective has spent $150 million to acquire properties in Queens and Brooklyn, and will soon have spent close to $1 billion on properties located throughout New York City, The Real Deal said. Located in a 100-year-old paper factory, this boutique hotel in Long Island City is 3.8 miles from Manhattan. The venue features a game room, a gaming room and board games for children. The company’s 546-unit Old Oak Common in London, developed in 2014, remains one of the largest co-living communities in the world, according The Real Deal. The Collective Paper Factory Hotel offers a fitness centre and a spa therapy at no additional cost. The Paper Factory Hotel currently remains open, but The Collective’s full conversion is expected to begun this summer. The closest parking is at 37-6-37-10 36th St, Long Island City, NY 11101, USA. Paper Factory Hotel does not offer on-site parking. See 951 traveller reviews, 1,004 photos, and cheap rates for The Collective Paper Factory, ranked. No one will be able to live in The Collective in Long Island City long-term, Merchant said. From AU254 per night on Tripadvisor: The Collective Paper Factory, Long Island City. “It will do this in the space through food and beverage programming, exhibitions with visual artists and performances by musical acts,” Merchant said. Merchant, who runs The Collective out of London, said the company’s core belief is to allow people to have a sense of community. We just believe in the area,” Merchant said. We like to be in areas that are culturally diverse, and Long Island City is one of the most diverse parts of New York City in terms of culture. ”We’re really excited about the neighborhood. “We made the decision to do the deal long before the news (about Amazon) came out,” Merchant said in a prepared statement. Between its decision to covert the hotel and when the purchase was closed, Amazon announced and retracted plans for a 25,000-job headquarters in the Hunters Point section of Long Island City, Merchant said. The sale, while not immediately announced, has been in the works for months, according to The Real Deal. The firm will spend the next few months and millions of dollars converting the former hotel into a “short-stay co-living” facility, where guests will be able to stay up to 29 days and take advantage of shared spaces and community programming. Plans call for conversion of the hotel at 37-06 36th Street, in the Dutch Kills section of Long Island City to accommodate travelers from one to 29 days, a company spokesperson said. The London-based co-living firm, The Collective, has acquired the 123-key Paper Factory Hotel in Long Island City for $58 million.
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