The Real Deal New York

Hotel boom in BK, Queens threatens Manhattan’s dominance

Combined, two boroughs represent 40% of hotel developments

From the December issue: After years of taking a backseat to Manhattan’s nearly $2 billion hospitality market and its roughly 90,000 rooms, Brooklyn and Queens are emerging as serious competitors for the more than 56 million visitors who travel annually to New York City.

That’s because shadowing the Brooklyn and Queens residential market boom is an unprecedented leap in hotel development that promises to bring thousands of additional rooms to the market over the next few years. [more]