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NYC Hotel Market
Marriott Vacations raising $750M for acquisition of rival ILG
August 06, 2018 01:42PM
Marriott Vacations Worldwide, the timeshare and vacation homes arm of Marriott International, is raising $750 million to fund its acquisition of rival ILG. In...
Long Island City Holiday Inn is on the market
June 08, 2018 08:04AM
UPDATED, 3:10 p.m., June 8: Holiday Inn Manhattan View, located at 39-05 29th Street in Long Island City, has hit the market. Queens Plaza North LLC...
Here’s how much Westgate paid for the Hilton at Grand Central
June 07, 2018 06:12PM
Eddie Small and Mark Maurer
Westgate Resorts has purchased the former site of the Hilton New York Grand Central for $50 million, according to sources familiar with the deal....
Pricing power returns to Manhattan’s hotels
June 07, 2018 07:00AM
As Manhattan filled with tens of thousands of new hotel rooms during this building boom, hotel operators played a frustrating waiting game. Even...
Another new 95-key hotel is on its way to Long Island City
May 31, 2018 04:30PM
The busiest hotel market in the outer boroughs is about to get a little more crowded. Developer Surjeet Kaur is planning an eight-story hotel...
Riff Hotel Chelsea sells for $28M
May 03, 2018 01:30PM
Salt Equities has sold the Riff Hotel Chelsea for $27.5 million to a group of investors, who plan to tear down the existing building...
NYC’s hotel sector is getting a mini boost
April 19, 2018 07:30AM
From the April issue: Manhattan’s hotel industry got a much-needed boost when its gold-standard metric turned a corner at the end of 2017. Revenue per...
CitizenM lands $83M loan for Bowery hotel
April 09, 2018 05:47PM
Dutch hotel chain citizenM has landed an $82.5 million loan for its Lower East Side hotel at 185 Bowery, according to property records. The...
RCG Longview sells Harlem hotel for $34M
April 05, 2018 12:15PM
RCG Longview sold its 124-room Aloft Hotel in Harlem to California-based investor Core Capital Investments for $33.8 million, property records filed with the city...
The New York Renaissance Hotel isn’t profitable. And its owner can’t wait to sell
February 27, 2018 05:20PM
Apple Hospitality isn’t long for the New York City hotel market. The real estate investment trust is looking to sell its only New York...
Reunited and it feels so good: Sam Chang buys back Midtown hotel
January 12, 2018 02:55PM
Sam Chang bought back a Midtown West hotel he developed and sold in 2010. The head of McSam Hotel Group is paying $29.2 million...
NJ developer plans Williamsburg hotel
December 22, 2017 12:16PM
A New Jersey-based developer plans to build a six-story hotel in East Williamsburg. Nehalkumar Gandhi filed a permit application Friday for a 92-key hotel...
Joe Sitt’s Thor finally closes on purchase of James hotel
December 14, 2017 04:55PM
Thor Equities finally closed on the purchase of the James New York hotel in Soho after a protracted legal battle with the seller, The...
Korman Communities sweeps up Smyth hotel for $72M
November 30, 2017 12:54PM
UPDATED: Thurs., Dec. 7, 01:48 p.m.: Korman Communities, in partnership with Shorewood Real Estate Group and Prodigy Network, bought the Smyth hotel in Tribeca for...
No takers at Park Lane Hotel auction
November 02, 2017 11:45AM
Was it the price? The state of the market? The baggage? Offers On The Park Lane Hotel were due last week, but no buyers...
Troubled Staten Island property barred from reopening as a hotel
September 25, 2017 05:20PM
A controversial Staten Island hotel that had problems with bedbugs, roaches and mold before a fire destroyed it in July 2015 will not get...
Hotels are hiding room rates in “resort fees,” but the Feds have taken notice
September 22, 2017 09:10AM
More hotels charge carefully hidden resort fees as they face growing competition from Airbnb and tumbling room rates. The number of hotels charging such...
Capstone, Highgate buy the Nyma hotel
August 31, 2017 02:22PM
UPDATED, Aug. 31, 4:15 p.m.: Capstone Equities, in partnership with Highgate and an affiliate of Republic Investment Company, picked up the Nyma Hotel in...
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....
Famed Hotel Wales could be heading for a condo conversion
August 23, 2017 10:00AM
Is the storied Hotel Wales on the Upper East Side about to fall victim to the luxury condo craze? The 89-room, 10-story property sold...
Elie Tahari sues board of 860 Fifth for $50M
125 Greenwich supertall closes on $473M debt package
Sales have launched at Tishman Speyer’s 11 Hoyt. Here’s a look inside
More Massey Knakal alumni leave Cushman for JLL
Not just Kushner: Other major landlords fail to disclose rent-stabilized tenants on construction permits
August 2018 issue
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