Transformational Real Estate Development Across New York Has a Major Influence on Lodging

JLL | June 28, 2018

Optimistic outlook for further growth in 2018 and 2019 NEW YORK, June 28, 2018 – New York is a hot spot of major transformational real estate development that is rapidly changing the city's landscape and lodging environment, according to JLL's 2018 New York Hotel Market Report. Hudson Yards, situated in the Midtown West submarket, currently represents the largest private real estate development in the history of the United States and the largest development in New York since the Rockefeller Center. The Manhattan West District and Moynihan Station developments will also grace the Midtown West submarket and are targeted for deliver...