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

From left: The Viceroy On West 57th StreetAnd The Jade Hotel On West 13th Street
From left: The Viceroy On West 57th StreetAnd The Jade Hotel On West 13th Street

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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]