Nearly one-fifth of the estimated 5,000 hotel rooms that New York City will add in the next two years will be in the outer boroughs, where building costs are lower. That should help off-set the high rates for rooms in Manhattan, according to NYC & Company, the tourism marketing arm of the city government. more [Crain's]
City to add 5,000 hotel rooms over two years
November 18, 2005 12:00AM
