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The Real Deal New York
The stupefying numbers behind a bill that targets NYC hotel developers
October 16, 2018 07:00AM
New York City hotel developers are about to lose nearly half of the land they can build on as-of-right. On Wednesday, New York’s City...
The NYC hotel construction boom is back
August 14, 2018 08:00AM
One out of five dwelling units currently under construction in New York City is in a hotel. That’s the highest proportion since 2013, according...
New 151-key Hilton hotel coming to Jamaica
July 03, 2018 03:45PM
Jamaica is getting another new hotel with 151 rooms. The building from company MP Hospitality will be at 97-18 Sutphin Boulevard, close to JFK...
Long Island City’s hotel boom continues with plans for 385-key project
June 08, 2018 01:30PM
Long Island City’s hotel boom is not slowing down. Developer Dun Zhang filed permits with the Department of Buildings on Friday for a 15-story,...
Chinese publisher to add 16 floors in Midtown hotel conversion
May 30, 2018 12:00PM
Chinese publisher WanXin Media is moving ahead with plans to convert the office building at 7-15 West 44th Street into a hotel, a permit...
Top hotel trade group sits on sidelines while debate roars over special permits
May 03, 2018 04:00PM
As the de Blasio administration moves forward with its proposal to limit hotel development in large swaths of the city, the main trade group...
City moving forward with plan to limit hotels in industrial zones
April 27, 2018 10:15AM
The city is advancing legislation that would require hotels to get a special permit to build in industrial areas. The City Planning Commission began...
Developer files plans for 29-story hotel near Bryant Park
April 20, 2018 04:30PM
A 29-story hotel is coming to the Bryant Park area. Developer Wei Hong Hu filed plans for a 41,469-square-foot structure at 58 West 39th...
Developer Teddy Li planning 116-key hotel in Long Island City
April 02, 2018 04:30PM
Long Island City’s hotel dominance is still going strong. Developer Teddy Li is planning another hotel for the neighborhood at 38-59 11th Street, according...
Cornell Realty planning 26-story hotel project in Williamsburg
February 22, 2018 11:30AM
Cornell Realty Management plans to construct a mixed-use project in Williamsburg split between residential and hotel space. The project from Isaac Hager’s company would...
Lam Generation files plans for 38-story hotel in Chelsea
February 16, 2018 01:15PM
Lam Generation filed plans to build a 38-story hotel next to its Marriott-branded tower in Chelsea, according to documents filed with the city’s Department...
Sam Chang’s Chelsea hotel gets $121M construction loan
January 02, 2018 06:00PM
Sam Chang scored $121.4 million in construction financing for his 526-key Chelsea Hotel. The debt package includes a $97.5 million mortgage from Bank of...
Sam Chang joins the LIC hotel rush
December 29, 2017 03:00PM
Sam Chang is joining the jam packed Long Island City hotel market. The developer’s McSam Hotel Group has closed on the $7.8 million purchase...
These are the 5 hottest neighborhoods for hotel development in the outer boroughs
November 29, 2017 07:00AM
When it comes to new hotels arriving in the outer boroughs, Queens is king—specifically Long Island City. The waterfront neighborhood is the most popular...
New union-supported hotel ban could drive tourists to Airbnb: REBNY
November 08, 2017 02:15PM
The influential hotel workers union that’s battled with Airbnb could actually be driving more tourists into the arms of the enemy with an effort...
Lightstone Group lands $262M loan for Times Square hotel
November 01, 2017 01:15PM
The Lightstone Group just nabbed a $262.2 million financing package for its conversion of a Times Square office building into a new hotel. Goldman...
Hotel developers in manufacturing zones are facing a new challenge
September 26, 2017 12:15PM
The city is moving forward with a zoning change that seeks to curb hotel development in areas zoned for light manufacturing. The proposed zoning...
Bank of the Ozarks, two other lenders just gave Chetrit $170M loan for retail-hotel project
September 15, 2017 10:00AM
The Chetrit Group is $170 million closer to finishing its hotel at 255 West 34th Street. The developer closed Thursday on a $170 million...
A serious “one-two punch” is beating back hotel development
August 29, 2017 01:30PM
New hotel development across the country is slowing as operators feel the pinch from years of rapid growth and a flood of new supply....
127-key hotel to rise on Eastchester lot
August 24, 2017 03:05PM
A vacant Bronx lot in the Bronx’s Eastchester neighborhood will make way for a 127-room hotel. The project comes from developer Rajan Tewar, and...
Home Depot buys Bronx retail location from Madison International Realty for $40M
Keller Williams Midtown CEO forced out: sources
Sitex continues buying spree with $36M industrial buy in Queens
Rabsky sells Williamsburg apartment building to UDR for $130M
Lichtenstein on Amazon pullout: “Worst day for NYC since 9-11”
February 2019 issue
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