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The Blakely Hotel at 136 West 55th Street and Richard Born (Credit: Google Maps, Richard Born by Studio Scrivo)

Blakely Hotel may shut down, lay off 54 workers

Richard Born’s Blakely Hotel could shut down and lay off 54 employees this spring, according to a notice filed...

Blakely Hotel may shut down, lay off 54 workers
Donald Trump and the Trump Hotel in Washington D.C. (Credit: Getty Images)

Deadline is set for bids on Trump’s DC hotel

Potential buyers have until January 23 to bid on the Trump Organization’s controversial Washington, D.C. hotel. The firm marketing...

Deadline is set for bids on Trump’s DC hotel
Renderings of 450 11th Avenue and 350 West 39th Street (Credit: DSM Design Group and Gene Kaufman Architect)

NYC’s strong hotel pipeline pushes down occupancy, revenue: report

UPDATED, Jan. 2, 2020, 9:05 a.m.: New York City’s booming hotel inventory includes 113 new developments set to open...

NYC’s strong hotel pipeline pushes down occupancy, revenue: report
Sam Chang and 150 West 48th Street (Credit: Google Maps)

Sam Chang lands $250M loan for Midtown hotel project

Sam Chang has landed a $250 million loan for his upcoming project at 150 West 48th Street from S3...

Sam Chang lands $250M loan for Midtown hotel project
Alex Sapir and the NoMo Soho hotel at 9 Crosby Street (Credit: NoMo SoHo)

Sapir Corp.’s stock drops in Tel Aviv

The NoMo SoHo hotel owned by the Sapir Corp. saw its net operating income fall in the third quarter, dragging down the company’s overall performance in the third quarter. In the last week, Alex...

Sapir Corp.’s stock drops in Tel Aviv
181 Varick Street (Credit: Google Maps)

Claremont Companies buys Soho Marriott for $59M

Claremont Companies has purchased a Marriott in Soho for $59.35 million, according to property records. The Massachusetts-based firm bought...

Claremont Companies buys Soho Marriott for $59M
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...

Long Island City hotel project moves forward with construction loan
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...

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

David Marx lands $202M refi for Hudson Yards hotel
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...

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