By Anne Levin
Michael Monarca worked in the hotel industry for nearly three decades before switching to real estate. Tired of commuting to hotels in New York and around the world from his home in Princeton, Monarca spent 10 years selling houses for Callaway Henderson Sotheby’s International Realty, near his home in town. From time to time, a colleague from his years at Manhattan’s Marriott Marquis would reach out to him about getting back into the hospitality business.
“I would tell him, jokingly, “Build a hotel in Princeton and then we’ll talk,’ ” said Monarca, who is the general manager of the new Graduate Princeton, which opened officially last week on the corner of Nassau and Chambers streets. “He’s now the president of Highgate Hotels, which manages this hotel. So here I am.”
To say the past few weeks have been a whirlwind for Monarca would be an understatement. Orchestrating the opening of the much-anticipated 180-room hotel — the first in Princeton since The Nassau Inn opened nearly 90 years ago — has been a round-the-clock endeavor. For the past month, Monarca has even spent nights in different rooms around the hotel. more