NEW YORK—The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures…
Browsing: Manhattan
NEW YORK—PwC has released its “Manhattan Lodging Index: Q1 2020.” In March 2020, the COVID-19 pandemic swept the nation, and…
NEW YORK—During the second quarter of 2019, RevPAR in Manhattan fell 2.2%, as both ADR and occupancy declined. Demand did…
NEW YORK—Revenue per available room (RevPAR) fell to the lowest first quarter average since 2011, as average daily room rate…
NEW YORK—More hotels changed hands than opened during third quarter in Manhattan, picking up the pace for transactions “substantially” after…
NATIONAL REPORT—One of the world’s most visited travel destinations, Manhattan, is continuing to show declines in room rates, which outweighed…
NEW YORK—In its latest data released concerning the Manhattan Lodging Index, PwC surmises the greatest impacts from a glut of…
NEW YORK—Pod Hotels is set to open its flagship property right in the center of Times Square this fall. A…
NEW YORK—Hotel 50 Bowery, a Joie de Vivre property, has opened in Manhattan’s Chinatown neighborhood. The 229-guestroom boutique hotel was…
NEW YORK—Silver Arch Capital Partners, private lender to the commercial real estate market, has closed a $30.4-million loan for the purchase…
NEW YORK—Four Points has opened its fifth hotel in Manhattan, Four Points Manhattan Midtown West. Owned by Joy Construction and managed…
NEW YORK—Fortuna Realty Group (FRG) is finalizing the boutique conversions of two existing properties into Hotel Hayden, set to open…
NEW YORK—Real estate investor/developer Lightstone has closed on financing for a new 349-room hotel on West 28th St. in Manhattan’s…
NEW YORK—The 226-room Fairfield Inn & Suites New York Manhattan Central Park has opened. Located at 538 W. 58th St.,…
NEW YORK—The Four Seasons Hotel New York Downtown is set to open in late summer in the heart of Lower…
PHILADELPHIA—Hersha Hospitality Trust has closed on the joint venture for seven of its premium, limited-service hotels in Manhattan with China-based…
NEW YORK—The Bernic, a 96-room, 21-story new-build hotel, is slated to open in July at 145 E. 47th St here.,…
NEW YORK—Lotte Hotels & Resorts, a South Korea-based owner and operator of luxury hotels, has relaunched The New York Palace,…
NEW YORK—The 243-suite Residence Inn by Marriott in Lower Manhattan is now open for business. Located at 170 Broadway, the all-suite Residence…
NEW YORK—The 180-room, 22-story Archer New York, a new-build boutique hotel, has opened in Manhattan’s Garment District. Manhattan-based Glen and…
ATLANTA—IHG’s Hotel Indigo brand has signed its fifth location in New York City in the Financial District. “The financial district…
NEW YORK—As part of Park Central’s multi-million dollar renovation, the hotel has unveiled revamped meeting spaces. Jeffrey Beers International’s renovations…