Eager to accommodate: 50 hotels coming to Queens by 2019

About half of the properties slated for Long Island City: STR

TRD NEW YORK /
Jan.January 27, 2015 04:11 PM

Queens is expected to add almost 50 hotels by 2019 — and roughly half of the properties will located  in Long Island City, according to data from hospitality research firm STR.

Occupancy rates in the outer boroughs kept up with the development boom, climbing as high as 81 percent between January and November. The borough currently has 101 hotels with a total of 10,694 rooms. About 100 hotels are on pace to open in the outer boroughs over the three years.

The 120-room TownePlace Suites Hotel and the 176-room Aloft Hotel are both coming soon to Long Island City, for example. Developers also set their sights on the area around LaGuardia Airport and downtown Flushing, Rob MacKay, director of the Queens Tourism Council, told Crain’s.

“The unanswered question is how deep is the market for people who dream of coming to New York and couldn’t because there weren’t enough rooms available or in their price points,” Sean Hennessey, CEO of consulting firm Lodging Advisors, told the publication. [Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

The Real Deal interviews TF Cornerstone's Tom Elghanayan at REBNY's 124th annual banquet.

TF Cornerstone exec: How I got over Amazon dumping LIC

A photo illustration of Michael Gianaris and Jeff Bezos (Credit: Getty Images, Wikipedia, iStock)

Gianaris wants to reform NYC tax credit programs that drew Amazon

Robert De Niro and a rendering of Wildflower Studios (Credit: Getty Images and BIG)

Robert De Niro’s Wildflower Studios closes on $72M Astoria site

27-34 Jackson Avenue and Rockrose's Justin Elghanayan

Rockrose plans a $100M resi tower in LIC

Hiram Monserrate (Credit: Getty Images, iStock)

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

Amazon CEO Jeff Bezos and Tesla CEO Elon Musk with Long Island City (Credit: Getty Images, Wikipedia)

Amazon insiders: HQ2 campaign driven by Bezos’ ego, subsidy envy

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

arrow_forward_ios
Loading...