Throughout the five boroughs, 21 new hotels are scheduled to open next year. Meanwhile, prices are down at several hotels in the city, including the Milford Plaza, at 700 Eighth Avenue between 44th and 45th streets, and the Hotel Pennsylvania, at 401 Seventh Avenue at 33rd Street. Despite the decline in room rates, Mayor Michael Bloomberg announced Monday that tourism hit record levels this year. He said that the city’s hotel occupancy rate is 20 percentage points ahead of the national average.
|These are some of the most notable resi sales of the week|
|WATCH: Gary Barnett on the market, Brooklyn and discounts at One Manhattan Square|
|Zillow sues Compass for poaching tech talent, allegedly stealing trade secrets|
|Queens property purchased for $125M by Chinese firm headed to foreclosure|
|JLL I-sales broker out amid merger with HFF|
|This 19th century UES townhouse just traded hands for a loss|
|Blackstone will pay rent-stabilized tenants $1M. It won’t stop the lawsuit.|