The Real Deal New York

Posts Tagged ‘Hotel development’

  • Sam Chang and Club Quarters Hotel Wall Street

    Just months after buying two Club Quarters hotels in Midtown, Sam Chang picked up a third in the Financial District.

    The hotel developer paid $95 million for the Club Quarters Hotel Wall Street, the Commercial Observer reported. The seller, Rockwood Capital, bought the 20-story property at 52 William Street for $92.1 million in 2006. [more]

    Comments
  • The Hard Rock Hotel in Times Square (Credit: Prayitno via Flickr) and Gary Barnett

    Gary Barnett’s Extell Development claims the owner of two buildings that neighbor one of its properties in the Theater District is preventing it from constructing a 35-story hotel.

    The developer is suing Bennett Brodie, who owns two four-story properties that are adjacent to Extell’s 159 West 48th Street, according to documents filed with the New York State Supreme Court on Monday. Extell plans to demolish a seven-story parking garage on the site to make way for a Hard Rock hotel, but alleges that Brodie has “stubbornly refused to negotiate” an agreement that would allow the work to move forward. The agreement spells out the kind of work Extell proposes to do and how the developer will ensure that Brodie’s properties aren’t damaged in the process. The lawsuit requests that the court allow Extell to move forward with the project, since negotiations are at an “impasse.” [more]

    Comments
  • unnamed

    The number of hotel units planned so far in New York City this year is up 46 percent from the same period in 2015, according to an analysis of Department of Buildings permit applications for known hotel projects by The Real Deal. [more]

    Comments
  • Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky

    Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky

    Call it a case of “I know you are but what am I?” A lobbying group closely connected to short-term rental giant Airbnb claims that hotel development is responsible for over 750 residential units being removed from New York City’s housing market over the last six years. [more]

    Comments
  • 317 and 319 West 35th Street in Midtown (credit: Google)

    317 and 319 West 35th Street in Midtown (credit: Google)

    Weihong Hu’s Mayflower Business Group plans to build a 24-story hotel in the Garment District.

    The developer on Monday filed plans for a 170-key hotel at 317 West 35th Street, according to a permit application filed with the city’s Department of Buildings. The hotel, designed by Peter Poon Architects, will span 58,754 square feet and reach 250 feet tall. The architecture firm has designed several hotels, including the nearby Archer Hotel at 45 West 38th Street, as well as the Wingate Inn by Wyndham at 235 West 35th Street. [more]

    Comments
  • Ben Ashkenazy and the site at 609 8th Avenue

    Ben Ashkenazy and the site at 609 Eighth Avenue

    A Garment District block that’s got more bellhops than seamstresses may be getting yet another hotel.

    Ben Ashkenazy’s Ashkenazy Acquisition Corporation has plans to develop a site on Eighth Avenue that could include a 150-key hotel. [more]

    Comments
  • 12 East 48th Street

    12 East 48th Street in Midtown (inset: Abraham Hidary)

    Hidrock Properties is planning a new 161-room hotel on a Midtown assemblage it acquired for $47 million, according to property records filed with the city Friday. [more]

    Comments
  • Hard Rock Hotel and Casino in Biloxi, Miss. (credit: Santcomm) (inset: Gary Barnett (credit: STUDIO SCRIVO))

    Hard Rock Hotel and Casino in Biloxi, Miss. (credit: Santcomm) (inset: Gary Barnett, credit: STUDIO SCRIVO)

    Gary Barnett is reportedly bringing the Hard Rock Hotel to New York City.

    The popular theme restaurant, hotel and casino operator plans to announce its first Northeast hotel next week – a Manhattan location that reportedly will be in partnership with the Extell Development chief. [more]

    Comments
  • Rendering of 38-42 11th Street (credit: think! Architecture and Design and Architectural ID)

    Rendering of 38-42 11th Street in Long Island City (credit: think! Architecture and Design and Architectural ID)

    Few areas have felt the impact of the current outer-borough hotel development boom as significantly as Long Island City, where the neighborhood’s proximity to Midtown Manhattan – and the widely-reported emergence of Queens as a tourist destination – has prompted a wave of new projects.

    Developer Midtown Properties, led by brothers Ian and Robert Cheng, is the latest to get in on the action with a new 10-story, 133-room hotel at 38-42 11th Street in Long Island City. [more]

    Comments
  • 317 - 319 West 35th Street in Midtown (credit: Google)

    317 and 319 West 35th Street in Midtown (credit: Google)

    Weihong Hu’s Mayflower Business Group acquired a Garment District development site holding nearly 50,000 buildable square feet for $28 million, according to city property records.

    The site at 317-319 West 35th Street, located between Eighth and Ninth avenues, consists of two five-story rental buildings holding a combined 24 apartments and four commercial units. [more]

    Comments
  • TCX Jamaica Hotel

    Rendering of 92-18 150th Street in Jamaica (credit: ARC Architecture + Design Studio)

    Great Neck-based real estate firm TCX Development is set to contribute to the Queens hotel boom with plans for a new 15-story project in the borough’s Jamaica area.

    TCX is looking to erect a 72-key hotel spanning 35,000 square feet at 92-18 150th Street, between Archer and Jamaica avenues. The project will include a 2,000-square-foot rooftop bar and a 1,500-square-foot restaurant, according to TCX partner Joshua Asherian.

    While permit applications have yet to be filed with the city’s Department of Buildings, rooms at the hotel will average 250 square feet each, Asherian told the Commercial Observer. [more]

    Comments
  • Planned_units_per_year_(2016_extrapolated)_625_4885_chartbuilder

    The numbers don’t lie: The wave of new hotel construction in New York – which peaked in 2014 – is finally crashing as dozens of new hotels come online and developers shy away from planning new properties. [more]

    Comments
  • Sam Chang

    From left: Rendering of 538 West 58th Street in Hell’s Kitchen (credit: Gene Kaufman Architect) and Sam Chang

    Hotelier Sam Chang is partnering with international lodging chain Marriott on five new, ground-up hotel projects across the city.

    Chang’s Great Neck-based McSam Hotel Group already owns two Marriott hotels in Indianapolis, but is now partnering with the chain on five ground-up developments that will bear the Marriott name and represent the hotelier’s first collaboration with Marriott in New York City. [more]

    Comments
  • Virgin Hotel 1225 Broadway

    Rendering of the Virgin Hotel at 1225 Broadway (credit: VOA Architects via New York YIMBY)

    The city’s hotel boom may not last much longer.

    Despite roughly 6,000 new hotel rooms opening across New York City last year and another 6,000 set to come online in 2016, many are expecting the pipeline to dry up come next year.

    “After the first quarter of 2017, we’ll see a precipitous drop in new hotel openings,” according to CBRE vice president and hotel specialist Bradley Burwell. [more]

    Comments
  • Sam Chang Midtown Hotel

    From left: 9 East 38th Street in Midtown and Sam Chang

    Hotelier Sam Chang is planning a new 22-story, 162-key hotel in Midtown, according to permit applications filed Tuesday with the city’s Department of Buildings.

    Plans indicate the Great Neck-based developer wants to build a new hotel at 9 East 38th Street, between Fifth and Madison avenues, that would span more than 66,000 square feet. The existing structure is a 12-story office building. [more]

    Comments
  • 60 West Street

    60 West Street in Greenpoint

    Developers Jack and Joshua Guttman’s latest project will be a 155-key hotel on the site of the abandoned Greenpoint Terminal Market complex near the Brooklyn waterfront, according to a permit application filed Wednesday with the city’s Department of Buildings.

    The Guttmans’ Pearl Realty Management is converting a vacant eight-story warehouse at 60 West Street, located between Milton and Noble streets, into a nine-story hotel spanning more than 84,000 square feet. The firm bought the Greenpoint Terminal complex for $24 million in 2001, and a massive fire severely damaged several of the warehouses in 2006. [more]

    Comments
  • Melissa Mark-Viverito Bill de Blasio

    From left: Melissa Mark-Viverito and Bill de Blasio

    Could the Bushwick hotel boom be over? Hotel developers are about to find their jobs a little bit tougher after the de Blasio administration and City Council reached an agreement on zoning changes that would limit new hotels in Industrial Business Zones.

    The agreement is part of a larger plan to grow the city’s manufacturing and industrial center and comes as hotel development has become increasingly common in areas of the city zoned for industrial use. [more]

    Comments
  • 145-01 101st Avenue

    145-01 101st Avenue in Jamaica

    UPDATED, 6:00 p.m., Oct. 22: The Queens hotel boom continues unabated.

    Jamaica, Queens-based developer Kaushik Patel filed plans Thursday for a three-hotel complex in the neighborhood spanning more than 166,000 square feet, according to a permit application submitted with the Department of Buildings.

    The blockwide site consists of three parcels, bound by 146th and Waltham streets and 101st Avenue, which currently hold a vacant lot and a small warehouse. The development will house a total of 398 rooms, according to the filing, with three different hotel chains operating at the site. [more]

    Comments
  • Rendering of the Riu Hotel Times Square at 301 West 46th Street

    Rendering of the Riu Hotel Times Square at 301 West 46th Street

    The family of a construction worker who died earlier this year at the site of a new luxury hotel in Midtown is suing several companies involved in the project, claiming the death was avoidable had the development followed labor laws and building code regulations.

    The lawsuit claims Mallorca-based Riu Hotels & Resorts and supervising contractor the Rinaldi Group failed to provide necessary safety oversight at 301 West 46th Street, which is slated to house the 29-story Riu Hotel Times Square. [more]

    Comments
  • Jai Patel and 149-03 Archer Avenue

    Jai Patel and 149-03 Archer Avenue in Jamaica

    Queens developer Pride Hospitality Group plans to build a 283-key hotel in Downtown Jamaica, its second hotel planned for the neighborhood.

    The developer applied to build an 18-story, 110,000-square-foot hotel at 149-03 Archer Avenue, three blocks from a Long Island Rail Road station, according to records filed with the Department of Buildings Friday. [more]

    Comments
MENU