JetBlue, MCR in talks to open hotel in old JFK Terminal

Parties are in exclusive negotiations with Port Authority

New York /
Apr.April 15, 2015 10:30 AM

JetBlue Airways and hotel developer MCR Development are in talks with the Port Authority of New York and New Jersey to try to turn the Trans World Airlines terminal at John F. Kennedy International Airport into a brand new hotel.

MCR, which would be the majority investor in the project, and JetBlue are exclusively negotiating with the Port Authority, the Wall Street Journal reported.

Other developers have expressed interest in transforming the terminal. Donald Trump, the Related Cos., along with London-based hotel developer Yotel and a group led by Ian Schrager, all submitted proposals.

Airport hotels are being developed in the rest of the country as well, the Journal reported. Graves Hospitality Group is developing a luxury hotel at the international airport in Minneapolis. A Westin hotel is coming to the airport in Denver.

“Airport locations are hot,” R. Mark Woodworth, senior managing director athotel consultant and appraiser PKF Hospitality Research, told the newspaper. [WSJ] — Claire Moses


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
The house on Britten Street in Chelsea, London (Harding Green, Getty)
School-bus sized London apartment lists for $1.4M
School-bus sized London apartment lists for $1.4M
Taylor Swift and 23 Cornelia Street (Getty, Google Maps)
Taylor Swift’s former Cornelia Street home to rent for $45K
Taylor Swift’s former Cornelia Street home to rent for $45K
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
Developer Geoff Palmer with one of his properties (Getty, G.H. Palmer Associates)
Geoff Palmer’s lawsuit over tenant protections tossed by judge
Geoff Palmer’s lawsuit over tenant protections tossed by judge
Jacob & Co.'s Jacob Arabo and rendering of Dubai “hypertower” (Instagram, Getty, Jacob & Co.)
Jacob the Jeweler unveils plans for Dubai “hypertower”
Jacob the Jeweler unveils plans for Dubai “hypertower”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...