The Real Deal New York

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
By Janna Herron | May 08, 2015 11:30AM

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]