The newly constructed hotel is the eighth Starwood property developed by the Lam Group and will offer 264 comfortable and stylish guest rooms and suites, plus all the amenities guests need to travel the way they like for a great price.

"The Financial District continues to evolve into one of New York City's most exciting areas, and we're delighted that Four Points will play a part in that growth," said Brian McGuinness, Senior Vice President, Specialty Select Brands for Starwood. "Four Points' positioning around value, comfort, and convenience has become a huge hit with guests worldwide, and we're looking forward to giving business and leisure travelers in New York City an affordable yet stylish option in an ideal location."

Located at 6 Platt Street, Four Points by Sheraton Financial District will be just a short stroll from the South Street Seaport, New York Stock Exchange, the American Stock Exchange, the World Financial Center and City Hall. Also nearby are Battery Park, Little Italy, Tribeca and the Statue of Liberty. A short subway ride will whisk travelers to the Times Square Broadway Theater District, Midtown, Greenwich Village, SoHo and Brooklyn. Four Points by Sheraton Financial District will join the Four Points in Times Square, SoHo and Chelsea. .

"The upcoming opening of our fourth Four Points hotel in New York City demonstrates that the brand's blend of comfort, style and affordability is resonating with travelers in key urban centers," said Paul Sacco, Senior Vice President of North American Development for Starwood. "The recent enhancements to the brand have also resulted in a surge of interest among owners and developers, who are eager to become part of the powerful Starwood network, including the award-winning Starwood Preferred Guest program."

The hotel's 2,000 square feet of state-of-the-art conference space will accommodate small to mid-size meetings and social functions. Additional amenities will include a 24-hour fitness center and business center.