The Yanko Group
in the Press
SHARON – After buying the former Shenango Inn, Michael Yanko presented a plan to Sharon City Council
Wednesday that would lead to a soft opening Nov. 29.At a total cost of $6 million to buy, renovate, market
and open the hotel, Yanko said if he’s going to do it, it’s worth doing right.“We’re looking for this hotel to
be a four-star hotel,” Yanko said. “We are going to welcome the whole town, not only hotel customers, but
everybody here that would like to belong to a club and enjoy the food, the ambience and mood that we’re
trying to create.”
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Developers Kerry Wellington and Michael Yanko were longtime Nyack residents and had already created
the POD 39 and Ink 48 in Manhattan when they saw the need for a boutique hotel in their own town.
Although the former factory building and later music club is located right off the noisy Thruway just
northwest of the Tappan Zee Bridge, a careful design by architect Glen Coben’s Glen & Co. has ensured
the 133 rooms and suites at The Time Nyack are not only industrial modern, but also edgy and
pin-drop quiet.
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Sometimes developers are unavailable because they’re out of the country. But rarely are they off doing
advanced martial arts training.
But that was the recently the case with Eran Conforty, co-founder of Horizen Global LLC, who with his
partner Michael Yanko runs the boutique real estate development company responsible for such
New York City residential properties as Soma and Hudson Blue, as well as the Horizen Tower Hotel and
the VU Hotel.
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We are so excited to have NYLO Hotels join the wonderful Nyack community," Mayor Jen White told
Lodging Magazine. "We welcome them with open arms and we look forward to introducing NYLO's guests
to not just the beautiful new hotel but to all that Nyack has to offer from our charming shops and
restaurants to historical landmarks, incredible scenery, and our friendly and creative residents."
The project developers for NYLO Nyack are Michael Yanko and Kerry Wellington, principals of
WY Management, a boutique development house headquartered in Nyack, Lodging Magazine said. The former
factory will yield 132 rooms and 4,000 square feet of meeting space as well as 184-seat restaurant, bar,
lounge.
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“These corporations will need a lot of attention as far as hospitality goes.” Yanko said. “You can stay and
say you feel like you’re in New York City (with) the same facility and same service the way we like to be
served in the city.”
“A boutique hotel should be in the vicinity, where people can curate and have living space and a great
place to have a meeting or wedding,” Yanko said. “In Rockland there is a need for more design-oriented
chic and a great food facility.”
“Having worked in Nyack intimately for years, we are excited to partner with Début Hotel Group and
Hampshire Hotels Management to bring the first-ever lifestyle hotel to the Rockland area,” he said.
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Yanko has built and renovated over one million square feet in areas such as the Lower East Side, Washington
Heights and Hell’s Kitchen. Yanko, a former officer in the Israeli Army, attributes his success to three personal
traits. “I am an Aries, I’m Israeli and I’m a redhead,” he said.
His traits have spawned an uncomplicated requirement for his projects. “All the projects that we have,
I would say I wouldn’t build it if I wouldn’t want to live there,” he said.
“I want people to be proud of the fact that they live in that building. Inside, you would feel great. Even if
subconsciously you don’t understand why. It’s very important to me,” he said.
WY Management has installed Yanko’s aesthetic requirements in its more than 1.5 million s/f of residential and
hospitality properties. The company’s greatest hits include Pod 39 at a budget hotel at 145 East 39th Street,
The Chapin, a 120-unit apartment building on the Upper East Side and Ink 48, a boutique hotel on 11th Avenue.
Meanwhile, the firm’s most recent projects include Time Nyack, a 132-room boutique hotel, and The Metropolitan,
a luxury condo project in Bronxville.
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