This article briefly recaps the 2018 and 2021 zoning changes in New York City as they relate to hotel development.
At the close of the third quarter of 2022, LE analysts report that the New York City market has a total of 102 projects/17,805 rooms in the construction pipeline, the fourth largest pipeline by rooms of any market in the U.S.
Values Are Coming In Well Below Prior Peaks
The hotels are all located in Midtown and were formerly known as The Benjamin, The Shelburne Hotel & Suites, the Gardens Suites Hotel and the Fifty Hotel & Suites.
Lightstone Will Bring 519 Keys to Williamsburg and the Lower East Side, Two of New York's Most Vibrant Neighborhoods
The new co-living residential and hotel development, which will consist of two 10-story buildings and one 4-6 story building, will include 400-bedroom units, comprised of 2-bedroom units, co-living studios, 3-bedroom units and hotel rooms
The Connie (tail number: N8083H) will become a one-of-a-kind cocktail lounge and event space at the 512-room hotel opening in spring 2019 and located at the landmark 1962 former TWA terminal designed by Eero Saarinen.
Moxy Hotels expects to welcome two New York City hotels, Moxy Downtown and Moxy Chelsea, to its roster this year, bringing the brand to a total of three properties in the city by the end of 2018.
Designed by Eero Saarinen in 1962, the TWA Flight Center is on track to reopen in early 2019 as the TWA Hotel, JFK’s only on-airport hotel
AccorHotels Opens First ibis Styles Hotel in U.S.