Manhattan hotel projects on the rise

From left: The Mondrian Soho at 150 Lafeyette Street and the Nolitan at 30 Kenmare Street in Little Italy

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There are 37 hotels under construction in Manhattan, according to Lodging Development Group’s 2010 Manhattan development report, 32 of which will open this year and five of which are slated to open next year. A potential oversupply, the 2010 figure is up from 21 properties in 2009 and 12 in 2008. Two hotels set to open this year are the Mondrian Soho at 150 Lafayette Street and the Nolitan at 30 Kenmare Street. There are seven additional projects that have been announced or are in the early planning stages but for which building plans have yet to be filed, including a hotel at the Hudson Yards West site near the Javits Center. TRD

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