10,000 rooms on ice
May 05, 2009 04:55PM By Sarah Ryley
Vu Hotel
From the May issue: Financing trouble is drastically eliminating the number of hotels under
construction in New York City, causing at least 10,000 formerly planned
rooms to be stuck in the pipeline — or canceled altogether. This month, The Real Deal
consulted developers, hotel chains, public records, and other sources
connected to hotels in the city's pipeline and found at least 43 of
them — with an aggregate of some 10,150 rooms — are delayed or
completely axed. The most common hurdle? Lack of financing.
more
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments