From left: Robert Toshi Chan and the Flatiron Hotel and Carlos Couturier,
CEO of Grupo Habita, which owns the Hotel Americano
Management companies, private equity firms and hedge funds are building hotels at a rate unimaginable during the recession, and they’re not wasting any time building them. While some new hotels construction may continue into 2012, more than half of the new hotels slated to be completed in New York in 2011 have already opened their doors, Hotel Chatter reported.
The most recent additions to the newly opened list include Robert “Toshi” Chan’s Flatiron Hotel at 1141 Broadway, which, after much back and forth between Chan and creditor Long Island bank, finally opened in late August; the Enrique Norton-designed Hotel Americano at 518 West 27th Street, which opened in September after multiple delays; and the Nolitan, at 30 Kenmare Street, which opened in July after being delayed nine times.
For a certain batch of hotels — the Conrad New York, slated for 102 North End and Vesey streets, the NoMad hotel at 1170 Broadway and Hyatt Union Square at 13th Street and Park Avenue — the developers are still saying they’ll open in late 2011, but Hotel Chatter claims that might be unlikely. The Hilton slated planned for John F. Kennedy International Airport has also been pushed back to 2012. [Hotel Chatter]