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King Terrace, a company owned by Independent Third Party Investors, is a company incorporated in the British Virgin Islands with investment as its main business. It is a company advised and managed by Lianjie Asset Management (Cayman) Limited, an affiliated company of King Terrace Limited, which is principally engaged in managing investments for a family office.

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I compared multiple room types at The Williamsburg Hotel and my choice for the best value might surprise you

Jan 6, 2020

Business Insider When you enter the Williamsburg Hotel, you'll descend one floor to find a small lobby adjacent to the hotel's bar and restaurant. Emily Hochberg/Business Insider The exterior of The Williamsburg Hotel feels like a nod to the neighborhood's roots in manufacturing, a towering facade of brick and industry. But inside, I was enveloped in warmth from soft lighting and splashes of color. The entrance led to a balcony, overlooking a central bar and the hotel's restaurant, Seven Seeds, which perhaps purposely overshadow the small lobby. The latter is made up of just a minimal desk with a small couch and a few chairs set in a nook off to the side. Check-in was prompt and easy, despite arriving at 4 p.m. on a Friday. I was originally booked in a King Terrace room and was up to my room in minutes. Emily Hochberg/Business Insider The hotel's design is cool, but sometimes to its own detriment. I loved the look of each floor's slate blue walls, but could not locate room numbers anywhere. I finally found them emblazoned next to each door, painted in the same color as the wall, which blended in like camouflage. Only later when I was looking for my room (and clearly appeared lost), did a staff member point out the numbers are above, illuminated by small lamps. So, don't forget to look up. Business Insider Emily Hochberg/Business Insider I was originally booked in a King Terrace room, which is 250 square feet and the third tier room after the entry-level Queen, and Queen Terrace. The Queen is a scant 220 square feet, which must be downright tiny, because my King Terrace felt small, even with the 30 extra feet and a balcony. The room design was industrial meets modern with reclaimed wood floors, contemporary lighting, and a super plush bed. The King Terrace maximized space with hooks and a small desk with a retractable stool. I liked the look of it, but as I settled in to finish work, I noticed noise from the corridor and other rooms. I could hear conversations, as well as the clacking of high heels in an adjacent room. The wood floors are trendy, yes, but not as insulating as traditional carpet. The desk is designed to save space with a stool that can be stored away. Emily Hochberg/Business Insider Once my husband arrived and we offloaded our belongings, the room started to feel smaller. It was fine for a short one-night stay, and we only had backpacks, but I imagine it might feel cramped for longer trips, or those traveling with large suitcases. It's not a deal breaker, but if you're staying longer than a few days, and prefer a quiet room, I'd highly recommend an upgrade to a suite. The bathroom in a King Terrace is sleek, but small. Emily Hochberg/Business Insider Off to the side was the bathroom with subway tile and a stand-up shower. It was glam, but like the room, small. There was no counter space and not much room for two people to get ready at once, but was well-stocked with luxury Apotheke bath products. Golden hour from the terrace of a King Studio room. Emily Hochberg/Business Insider All King Studios line one side of the building and enjoy some of the best views in the hotel. It's a huge advantage the room holds over other types, bested only by the premium Skyline Suite, with panoramic, wrap-around views of Manhattan. The Studio Suite is spacious, with a couch and desk, and a full wall of windows. Emily Hochberg/Business Insider Shortly after I checked-in, hotel management offered me an upgrade to a Studio Suite (likely as they knew I was on-site to review the hotel, though I did see Trip Advisor reviews where guests were offered unexpected upgrades). I was interested to compare room types and found the elevated offering to be much more comfortable, and quieter. Should I find myself at the Williamsburg again, I would much prefer to book this room. That's not to say the King or Queen Terrace rooms aren't worth considering. If you plan to spend most of your time out of the room or aren't sensitive to noise, either is a good option that will also save some money. But if you'd prefer more room to share with your partner, family, or friends, the Studio Suite offers a better set-up and value for the money. There's a couch and seating area, small balcony, and larger closet, all designed in the same rich style as standard rooms and public spaces. The Studio Suite was quieter with better insulation from hallway noise, and I didn't hear a peep from any neighbors. There was some street traffic, though I didn't hear it at night. White noise machines and earplugs are also provided in all rooms, which also helped me sleep well. The bathroom in a Studio Terrace has a deep soaking tub complemented by gem-colored subway tile Emily Hochberg/Business Insider My favorite part of the Studio Suite was the turquoise-tiled bathroom, with a deep soaking tub placed inside the shower area for a full wet room effect. Some King rooms do have the same eye-catching turquoise, though my first room did not. The shower and bath area are separated from the sink by a small glass partition. It's photogenic, though truthfully, not all that functional. When the shower is in use it floods most of the room and takes a long time to dry out. The toilet, however, is separated by a door. The Studio Suite terrace is large with views of Brooklyn and some glimpses of lower Manhattan. Emily Hochberg/Business Insider My Studio Suite had floor-to-ceiling windows, though my balcony faced towards Brooklyn, rather than Manhattan. If you really want those iconic Manhattan views, consider the King Terrace. Business Insider Seven Seeds is inspired by the Mediterranean, with inspiration from places like Greece, Lebanon, Israel, Egypt, Spain, France, and Italy. Emily Hochberg/Business Insider Williamsburg has become a dining destination in its own right, and the on-site restaurant Seven Seeds is no exception. The restaurant is helmed by lauded chef Melissa O' Donnell, who presents her take on Mediterranean favorites. I greatly enjoyed a dinner of dips, spreads, breads, and meat. They serve three meals a day and brunch and high tea are favorites among past guests. The restaurant is adjacent to a central lobby bar, where you can also order food and craft cocktails. The chic Water Tower Bar offers panoramic views, craft cocktails, and DJ-spun tunes all night. Emily Hochberg/Business Insider After dinner, head upstairs to the rooftop Water Tower bar in an actual water tower. Locals line up around the block to come here, but hotel guests have a VIP elevator for priority access. There's a terrace with incredible views, including the hotel's pool, which is seasonal. The hotel operates many pop-ups and activities in public spaces. During my visit, it was a boutique fashion line. Emily Hochberg/Business Insider In the lobby and public spaces, I noticed pop-up events ranging from boutique clothing sales,  facials and hand massages, and a flower arranging workshop. Activities and programming change daily and weekly and are free to join, so be sure to ask for the current programming when you check-in. If you forget, you'll find it on the hotel's website. Business Insider Williamsburg is loaded with cool stores, fun bars, and great food. If you're visiting on a Saturday in summer, the seasonal Smorgasburg is a must-visit outdoor food market. If you've come to shop, try the year-round indoor Artists & Fleas for artisan finds, Rough Trade for records, and Heatonist for a curated selection of hot sauce. Near the hotel, favorites for food include Cafe Mogador, Egg Shop, Sweet Chick, Cafe Colette, and Sweetwater, all a five-minute walk away. Manhattan is only one stop away on the L train, or take the ferry to commute on a nice day. Business Insider The Williamsburg Hotel is rated 7 out of 83 hotels on Trip Advisor , with 4.5 out of 5 stars. The hotel has earned rave feedback for the overall atmosphere, design, and Seven Seeds restaurant. Writes one reviewer, "Incredible stay at this incredible hotel from the moment I was greeted at the front door to the amazing upgraded suite they offered ... The hotel design is warm yet industrial and has the single best views of Manhattan in the region. This is better than Soho House or any other urban hip destination. Oh and the food is superb. Try the Lebanese inspired menu!" Negative feedback largely cites noise and small room sizes, both of which I observed in my first room. Writes one review, "This hotel is so noisy! Outside the hotel is noisy, inside the hotel is noisy, the corridors are noisy, you can hear other guests talking and drying their hair ... The rooms are very nicely decorated, but very small. Two people with luggage would struggle to get move around comfortably." If the latter is of concern, opt for a suite. Space and noise problems were non-existent once I moved to the upgraded room type. Business Insider Who stays here: Sophisticated couples, families, and groups in town for weddings or events, as well as locals on staycation. We like: The eye-catching design found throughout the hotel, from public spaces to guest rooms, and dining venues. Seven Seeds restaurant is well worth a visit, and I plan to go back. We love (don't miss this feature): The Studio Suite is spacious enough without feeling outlandish and priced reasonably for a room of its size in New York. The turquoise-tiled bathroom is stunning, bested only by city views observed throughout the hotel. We think you should know: Entry-level rooms are highly affordable, but you may find yourself wishing you spent a bit more if you're sensitive to noise from other guests, or tight on space from sharing the room with someone else and a lot of luggage. Also, it's pet-friendly. We'd do this differently next time: Visit in summer to see whether the pool is a fun escape or a rowdy scene. Business Insider The Williamsburg Hotel is a major player on the Williamsburg hospitality scene with carefully-curated design, trendy ambiance that isn't over the top or pretentious, and excellent on-site food, drink, and programming. Rooms are reasonably priced, starting at just $162 in low season, though for an upgraded suite, you should expect to pay at least $400 per night. That's a big difference, but so are the rooms. While the entry-level Queen, Queen Terrace, and King Terrace rooms are nicely-styled and well-appointed, they may feel small for multiple people and luggage, with potential for noise from other rooms. If neither is a concern, book these rooms to secure the best deal. If you don't want to feel cramped or hear your neighbors, however, you'll find far greater value in the Studio or Skyline Suites which are generously-sized and a worthy retreat from the eclectic energy of Williamsburg buzzing below.

King Terrace Investments

1 Investments

King Terrace has made 1 investments. Their latest investment was in Meitu as part of their Series D on April 4, 2016.

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King Terrace Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/20/2016

Series D

Meitu

$136M

Yes

1

Date

4/20/2016

Round

Series D

Company

Meitu

Amount

$136M

New?

Yes

Co-Investors

Sources

1

King Terrace Portfolio Exits

1 Portfolio Exit

King Terrace has 1 portfolio exit. Their latest portfolio exit was Meitu on December 09, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/9/2016

IPO

$99M

Public

6

Date

12/9/2016

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

6

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