^^
It won't be. This is another midtown block with multiple projects on it so even Curbed got a little confused, from
Curbed:
"Stonehill & Taylor has designed the hotel, which will have 12 stories, 197 rooms, and a 3,500-square-foot rooftop space...
... UPDATE: So it turns out that we (and Hotel Chatter, apparently) were confusing two different hotel projects. The Refinery Hotel will be located at 63 West 38th Street, not 45 West 38th like we originally reported, and it will have 12 stories and 197 units, not 23 stories and 180 units. The project at 45 West 38th Street (which may still be called Hotel 38, we're not sure) is an entirely different hotel. Additionally, 45 West 38th is a new construction (Google street view shows an empty lot), and the Refinery is a conversion of an office building."