New York is losing one of its best Hilton properties

There’s bad news for Hilton Honors loyalists looking to cash in on an award stay or earn points in New York City: The Conrad New York Midtown is exiting the Hilton portfolio and leaving the Hilton Honors family in early June.

Hilton confirmed to TPG with the following statement: 

Hilton and hotel ownership have decided to end the management agreement for Conrad New York Midtown effective June 4, 2024 at 11:59PM. The termination is amicable and allows both parties to explore new opportunities. We will work with the hotel’s new management company to ensure a seamless transition for our guests.

We have enjoyed serving guests at Conrad New York Midtown and look forward to continuing to welcome them to our flagship Conrad New York Downtown location, alongside nearly 55 other Hilton properties across New York City, including five new hotels opened across the market throughout 2023.

Any further questions regarding the change in management or property information should be directed to hotel ownership.

While it’s unclear at the moment what might happen to the luxury hotel that TPG included on the list of the best hotels in New York, it’s not too late to cash in some Hilton Honors points for a stay in the art-filled hotel that’s near some of the best that New York City has to offer. Through the end of the Hilton management contract expiring June 4, there are still award nights available starting at 95,000 points. Cash rates hover between $500 and $700 per night through the same time period.

If you do happen to explore the Conrad New York Midtown’s flexible booking calendar, you’ll see that cash and award availability is visible beyond June 4, but until there’s more news about the property’s transition into whatever is next, it’s probably best to avoid booking. Instead, explore one of Hilton’s other properties, like the Conrad New York Downtown or the first-ever Tempo location in the heart of Times Square.

Or, if being close to Central Park is key, take a look at our list of the best hotels near Central Park.

While this property changing flags is a big loss for Hilton, it could be a big win for Hilton’s competitor set, like Marriott or Hyatt. Perhaps one of them will swoop in to manage it under one of their luxury brands.

But not all is lost for Hilton on the luxury front as the company gears up for the long-awaited return of the city’s Waldorf Astoria, which is set to reopen this year after an extensive multiyear renovation that will pay homage to the original design while adding a fresh and modern take on decor across its 375 rooms.