Lower Manhattan sees influx of hotel rooms

TRD New York /
Dec.December 28, 2010 11:42 AM
From left: Elizabeth Berger, the Doubletree, the W New York Downtown and the Andaz Hyatt Wall Street

A 399-room Doubletree Hotel opened at 8 Stone Street a week and a half before
Christmas, the fifth hotel to open in Lower
Manhattan this year, increasing the area’s room count to 4,100,
a gain of nearly 80 percent since Sept. 11, according to Globe Street. “The volume of investment
pouring into Downtown’s hospitality industry is further proof that the district
has become one of New York City’s most desirable
and dynamic locations for both business travelers and tourists,” said Elizabeth
Berger
, president of the Alliance
for Downtown New York. In addition to the Doubletree, other openings this year
include the 220-room W New York Downtown in
June at 123 Washington Street,
the 169-room World Center Hotel in June at 144 Washington Street, the 112-room Holiday
Inn Express
in May at 126 Water
Street and the 253-room Andaz Hyatt Wall Street in
January at 75 Wall Street. According to the Downtown Alliance, there are also three more lodging
properties with a combined 285 rooms planned or under construction. [Globe Street]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires at least 10% of staff

The Tel Aviv Stock Exchange (Credit: Getty Images)

All Year’s Israeli bonds tumble on $41M loss

Brooklyn Point at 138 Willoughby Street and Extell Development’s Gary Barnett (Credit: Alistair Gardiner for The Real Deal)

And you get an incentive! Extell offers to pay carrying costs at Brooklyn’s tallest tower

225 Park Avenue South, Buzzfeed CEO Jonah Peretti and Facebook CEO Mark Zuckerberg (Credit: Getty Images)

The Midtown South home of Facebook, Buzzfeed asks up to $800M

According to a lobbyist, the REBNY is not planning to attend Governor Andrew Cuomo’s birthday party (Credit: Getty Images, iStock)

Big Real Estate facing new limits on NY state campaign contributions

arrow_forward_ios