New owner Capstone revives Midtown’s Renwick Hotel
The Renwick Hotel has arisen after its new owner reportedly scored a “substantial discount” to acquire the property. Capstone...
Hotel Market
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Midtown’s Hudson Hotel slated for mixed-use redevelopment
UPDATED May 11, 2022, 10:45 a.m.: An unknown buyer has picked up the Hudson Hotel, setting the shuttered Midtown...
National
Jobs report shows more workers returning to office
Hiring at restaurants, bars and hotels slowed in April, falling about 20 percent from March, according to government figures...
Hotel bill is union’s latest effort to boost market share
Hotel workers are supporting a measure that could reduce the number of hotels in the city. That sounds contrary...
Times Square Sheraton loss $33M worse than reported
The seller of one of New York City’s largest hotels suffered an even greater loss on the deal than...
National
Airbnb’s losses narrow as bookings hit all-time high
Pleasure travel is back with a vengeance, and Airbnb is reaping the rewards. The company on Tuesday reported a...
Midtown hotel portfolio sale suggests big value drop
A portfolio of four Manhattan hotels traded hands in a deal that could reflect how far property values have...
Tri-State
Southampton hotel trades for $14M ahead of revamp
A hotel in Southampton is poised for a revamp after selling last week for $14 million. Hampton Resorts, LLC...
National
Loss of $21B in business travel to dampen hotel recovery
As hotels fight to recover from the pandemic’s ravages, a continued downturn of business travel will continue to harm...
National
First-quarter hotel sales hit 6-year high
Hotel sales are looking up across the country, despite evidence that some hotels are still struggling to recapture lost value. More than $12.5 billion in hotel deals were sealed in the first quarter of...