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
By Tom Acitelli | February 25, 2014 10:30AM

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]