Airbnb-backed startup plans first city location at 70 Pine

An Airbnb-backed hospitality startup plans to launch its first hotel suites in New York in the fall at 70 Pine St. in the Financial District.

The company, Lyric, has signed a long-term lease to open 132 suites on the third through sixth floors of the 67-story art deco landmark tower. Lyric is rebranding and renovating rooms that previously operated in the building as the Q&A Residential Hotel by Furnished Quarters.