Developer plans Penn Station-area hotel

Penn Station

A new, Penn Station-adjacent hotel is set to go up on West 33rd Street, according to Crain’s. After purchasing a $21.9 million parcel, located across from the James Farley Post office between Eighth and Ninth avenues, South Carolina-based hotel company OTO Development said that it would build the new hotel, its first-ever in Manhattan. The company currently has 33 hotels in its portfolio. OTO did not provide any details on the potential hotel and did not say when it would begin construction. OTO’s hotels operate under several different brand names, including Hyatt Place and Residence Inn. [Crain’s]

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