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

Parties are in exclusive negotiations with Port Authority

TRD 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

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