Luxury animal hotel at JFK hits a ruff patch

TRD New York /
Jan.January 05, 2018 10:00 AM

Noah’s Ark

Bad business at a luxury animal hotel by JFK Airport has left the hotel’s developer barking mad.

Business at the Ark, which opened about a year ago, is more than 90 percent lower than projections with roughly $450,000 in revenue, and the owner is now suing the Port Authority of New York and New Jersey  for steering potential animal guests to another facility it owns upstate in Newburgh, according to Crain’s.

The Ark, developed by John Cuticelli of Racebrook Capital, says it invested $65 million to transform an empty cargo building into its 178,000-square-foot hotel and was granted exclusive rights to house and provide medical care for all animals going through JFK.

Stephen Meister, Cuticelli’s attorney, told Crain’s he did not know why the Port Authority was undermining its own tenant, which agreed to pay $138 million for a 27-year lease.

“The Lord, and the government, work in mysterious ways,” he said. [Crain’s]Eddie Small

Related Articles

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Rep. Alexandria Ocasio-Cortez, Governor Andrew Cuomo (inset) and a rendering of LaGuardia's AirTrain (Credit: Getty Images, ANewLGA)

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

Donald Trump and the Trump Hotel in Washington D.C. (Credit: Getty Images)

Deadline is set for bids on Trump’s DC hotel

729 Seventh Avenue (Credit: Google Maps)

Lawyer argued façade was safe 3 months before fatal accident