new york hotels
Brooklyn Continues to Blossom in the Post-Pandemic Period
Patricia Shih | January 29, 2024
By Patricia Shih The Brooklyn hotel industry has been experiencing post-pandemic recovery due in part to strong leisure demand, an increase in meeting and group business, and the gradual return of commercial demand. Additionally, the New York City Department of Homeless Services and related entities have been utilizing many hotels as temporary shelters for homeless residents and migrants/asylum seekers. While the Brooklyn new supply pipeline is substantially smaller than that of Manhattan, the borough has recently experienced supply changes, some examples of which are listed below. The 216-key Moxy Brooklyn Williamsburg opened in M...
The Lost Hotels Of Midtown New York
Dexter Wood | January 12, 2023
By Dexter Wood Several legendary properties remain closed in Midtown New York, and most will never reopen. Luxury hotel demand staged a respectable resurgence last year as the dreadful impact of the pandemic continued to fade. Trailing twelve-month RevPAR for luxury hotels in NYC, as of November 2022, has already surpassed its pre-pandemic benchmark from December 2018. This was a welcome improvement for prominent Midtown hotels that had reopened after many months of closure, including the Mandarin Oriental, Ritz-Carlton, The Plaza, St. Regis, The Peninsula, and the Lotte New York Palace. However, some well-known properties that enjoy...
Times Square Hotel Goes to Auction on RealINSIGHT Marketplace on April 8th
RealINSIGHT Marketplace | March 13, 2019
NEW YORK—March 14, 2019—RealINSIGHT Marketplace and CBRE are pleased to present Hotel Shocard, a 47-room, full-service hotel located in Times Square, NY for your acquisition consideration. The auction will take place on the online commercial real estate sales platform, RealINSIGHT Marketplace, April 8th - April 10th. About the Property: One Building Six Floors 47 Rooms Renovated in 2016 This offering provides investors with the rare opportunity to acquire a top-located hotel with substantial upside from improving the assets, modernizing operations and benefiting from economies of scale from an owner/operator's existing...
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...
