InterContinental Hotels Group (IHG) has announced that it will open a new Hotel Indigo property in the financial district of New York, US.

Hotel Indigo NYC Financial District is slated to open in 2016 and will be situated on Maiden Lane, which is one of New York’s oldest streets. The new 25-storey, 190-room hotel would be designed to pay homage to developments in the street from its beginnings in engraving, jewelry and watchmaking to trading on Wall Street.

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Hotel Indigo brand management director Mary Winslow said: "The financial district has long been known for its commercial success, but it’s recently experienced significant cultural and residential growth, and we are so proud that we’re becoming part of the neighborhood."

Situated one block away from One World Trade Center, the hotel will occupy 76,500ft² of space and will invite investments of $32m.

The property will also have around 1,450ft² of meeting space, a fitness centre, a rooftop lounge and guestrooms with plush bedding, hard-surface flooring with area rugs, as well as spa-inspired bathrooms.

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Amenities at the hotel include a bar with seasonal and locally sourced food in a stylish environment and a touchscreen display that connects guests to each other.

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Hotel Indigo NYC Financial District, which is owned by 10-12 MLane, will be franchised by an affiliate of IHG and will be the fifth Hotel Indigo hotel in New York City.

The brand has properties in Brooklyn and Chelsea at present and plans to open two additional properties in the region.

Additionally, the Hotel Indigo brand has plans to new properties across three major European cities including the Hotel Indigo St Petersburg Tchaikovskogo, Hotel Indigo Madrid Gran Via and Hotel Indigo Rome St George.