10 SEPTEMBER 2012

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Article from BTNews 10 SEPTEMBER 2012

New York hotel developments

By the year end New York will have an operating inventory of over 93,000 rooms in its five Boroughs.  This compares with  120,00+ for London, 80,000 Paris (city + 50,000 in the region) and 140,00 Las Vegas the accepted figures.  The New York total is expected to reach 100,000 during 2014.  New York City says that it is poised to add more than Orlando, Washington, DC and Chicago combined.

Currently on the horizon are new projects for Chelsea/Meatpacking District, Lower Manhattan, Madison Square Park, the city’s ever changing fashion district, as well as in Brooklyn, Queens, and the Bronx.  There are multi-use projects combining hotels, shopping, and residences planned for Harlem, Queens and along Fifth Avenue.

The most significant opening during what the Americans call ‘The Fall’ is the introduction of the Westin New York Grand Central.  The 774-room former NY Helmsley Hotel is undergoing a six-month, US$65m renovation. The hotel continues to operate. 

Prior to Christmas other important launches include a Courtyard by Marriott – 168 rooms on 6th Street in Manhattan’s Fashion District; Realty Comfort Inn – 89 rooms and suites located at 548 W 48th Street; and in Lower Manhattan a Hyatt Place Midtown East – 235 rooms. www.nycgo.com

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