Hotel Market


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Rendering of the Staybridge Suites at 38-59 11th Street

Long Island City hotel project moves forward with construction loan

A new hotel planned for Long Island City has landed a $46 million construction loan, according to sources familiar...

Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

Months after defaulting on a $68 million mortgage and failing to secure refinancing, Toby Moskovits’ Heritage Equity Partners is set to see management of...

461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)

David Marx lands $202M refi for Hudson Yards hotel

David Marx’s Marx Development Group secured a $202 million refinancing for its Hudson Yards hotel, which is scheduled to...

30 West 31st Street and 52 West 36th Street (Credit: Google Maps)

South Korean firm snaps up two Midtown hotels for $137M

Aju Hotels & Resorts is the buyer in the recent sale of two Midtown hotels of the former Chesapeake...

Brookfield Property Group CEO Brian Kingston and 652 11th Avenue (Credit: Google Maps)

Brookfield drops $83M on Hell’s Kitchen hotel

Brookfield Property Partners picked up a hotel along 11th Avenue in Hell’s Kitchen for $82.7 million. The seller was...

Mensur Cekic, Hudson Yards’ director of residences

From private tutors to meditation sessions, inside NYC’s new amenities battle

Seated at a long dining table in a staged $11.8 million apartment on the 65th floor of 35 Hudson...

Lightstone Group CEO David Lichtenstein and Moxy Chelsea at 105 W 28th Street (Credit: Lightstone and Facebook)

Lightstone gave its neighbors $7M to build a hotel. Then the neighbors secretly went to war, suit claims.

In 2015, the Lightstone Group paid $6.75 million to the people who run condominium next door in exchange for the development rights to build...

Here are the numbers behind Michael Dell’s record purchase of the Boca Raton Resort

Here are the numbers behind Michael Dell’s record purchase of the Boca Raton Resort

Billionaire Michael Dell’s MSD Partners is planning to invest $75 million into the Boca Raton Resort & Spa, according...

The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)

Long Island’s hotel market could be headed for a downturn

The hotel market on Long Island is expected to take a significant downturn in the next four years, becoming...

(Credit: iStock)

This obscure Caribbean island is a favorite among the super wealthy

Within the Caribbean islands of Grenada and St. Vincent, there’s a picturesque isle frequented by the super wealthy called...

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