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Big Apple’s hotel boom may have soft spots
As the city hits record room numbers, high land prices and strong dollar could weigh on industry
From the May issue: Elliot Spitzer is building a hospitality and retail project in Hudson Yards, and Richard Branson’s Virgin brand will soon be stamped on a towering hotel in NoMad. The independent, 52-room Audubon Hotel will soon debut on West 181st Street in Washington Heights, and no less than five national chain hotels are going up in the Financial District. [more]