Forget Manhattan. Queens – especially Long Island City — is leading the outer boroughs in new hotel development.
The borough added approximately 500 hotel rooms this year through mid-April, a 9 percent increase from the same period last year, according to STR, a hotel research firm.
By contrast, Brooklyn did not generate any new hotel rooms during the same period, according to Crain’s.
There are currently 10,489 rooms in Queens – mostly surrounding LaGuardia and JFK airports — compared to just 3,986 in Brooklyn. Yet both boroughs are still far behind Manhattan’s 86,044 rooms.
“Queens has a huge influx of supply,” Jan Freitag, senior vice president of STR, told Crain’s.
And Fred Dixon, CEO of NYC & Company, added that “the hotel pipeline is not showing any signs of slowing down” in Queens. [Crain’s] – Christopher Cameron