The Real Deal New York

Hotel construction boom could tamp down rates

City to hit record 110K rooms by 2016; some say that’s no glut, but could hold back nightly rates

February 25, 2014 10:30AM
By Tom Acitelli

From left: the Viceroy on West 57th Street and the Jade Hotel on West 13th Street

From left: the Viceroy on West 57th Street and the Jade Hotel on West 13th Street

From the February issue: Hotel developers are making 110,000 bets that tourists and business travelers will continue streaming into New York City in record numbers in the coming years. [more]

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