Hoteliers eye Brooklyn, despite modest occupancy

Number of hotel projects in the works nearly double since last year

Feb.February 27, 2014 02:38 PM

Builders are pursuing more hotel projects in Brooklyn this year than in 2012, in spite of a lackluster hotel market in the borough, according to figures by hotel data-crunching firm Smith Travel Research.

There are 22 new hotel projects with 2,208 rooms currently in the works in the borough of Kings, up from 14 projects and 1,370 rooms last year, according to the New York Observer.

The hoteliers are big-name groups inlcuding U.K.-based InterContinental Hotels Group, which is erecting two hotels in Downtown Brooklyn, and the Toll Brothers and Starwood Capital, which have joined forces to build 193 rooms of luxury lodging in Brooklyn Bridge Park.

At the same time, the Brooklyn hotel occupancy rate dropped more than ten percent last month from January of 2013 to just over 66 percent, according to STR data reported by the Obeserver. However the senior vice president of STR, Jan Freitag, told the Observer not to take the drop too seriously, calling the decline a “one-time outlier” because the comparison is made with 2013’s inflated occupancy rates after Hurricane Sandy. [NYO] — Angela Hunt

Related Articles

2790 West 5th Street in Coney Island (Credit: Google Maps)

Brooklyn man arrested for claiming to help victims buy Mitchell-Lama apartments

From left: The Row Hotel at 700 8th Avenue, the Williamsburg Hotel at 96 Wythe Avenue, the Selina Hotel at 516-518 West 27th Street and 20 Times Square (Credit: Google Maps, Sumaida + Khurana, PBDW)

More NYC hotel loans are defaulting as room rates fall

185 S. Fourth St. and Largo co-founder Nicholas Werner (Credit: Google Maps)

Largo buys another Williamsburg rental building for $32M

Hiram Monserrate (Credit: Getty Images, iStock)

Ex-con’s campaign funded by real estate principal sued for fraud

Renderings of 2300 Cropsey Avenue in Brooklyn (Credit: W&L Group)

An eyesore for ages, Gravesend project site gets $71M refi

The Blakely Hotel at 136 West 55th Street and Richard Born (Credit: Google Maps, iStock, Richard Born by Studio Scrivo)

Hotel owner says competition, not union deal, led to closure

Michelle Williams and Tommy Kail and their Brooklyn Heights townhouse (Credit: Getty Images, Google Maps)

Michelle Williams, Tommy Kail buy $10.8M home in Brooklyn Heights

The Blakely Hotel at 136 West 55th Street and Richard Born (Credit: Google Maps, Richard Born by Studio Scrivo)

Blakely Hotel may shut down, lay off 54 workers