Hotel - New York

Fitch: More U.S. Lodging Consolidation Is Expected
The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.
Hotel
Upcoming Queens Hotel Receives $44M Financing
The construction of the dual-branded Marriott Hotel broke ground in 2015, and will bring a total of 338 guestrooms to the borough’s Jamaica neighborhood.
Hotel
JV Scores Marriott Franchise Agreement for Hotel Development
Bellefield Development and The Shaner Hotel Group will build a soft-branded Residence Inn in Hyde Park, N.Y. The 133-key project will be the first of two hotels set to be constructed on a 339-acre site.
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  • Pod Hotels Coming to Times Square

    The brand is bringing a more micro unit-focused aesthetic, adding a 'plug and play' package of amenities to their extended-stay product.

    16 August 2017 12:51

  • Hilton Expands NYC Footprint

    The iconic ONE UN New York has relaunched as Millennium Hilton New York One UN Plaza, following a multimillion-dollar renovation. The hotel will be the seventh New York City property managed by Hilton Hotels & Resorts.

    07 August 2017 13:36

  • Cachet to Open First NYC Hotel

    Dubbed the Cachet Boutique NYC, the 105-key hotel was developed in partnership with Merchants Hospitality Group. The hotel is steps from Chelsea, Hell's Kitchen and the soon to be open Hudson Yards.

    26 July 2017 12:20

  • Ascend Snags Brooklyn’s LOOK

    The 81-key hotel is located in the Red Hook neighborhood, close to Brooklyn Bridge Park, Barclays Center and the Brooklyn Cruise Terminal.

    21 June 2017 15:34

  • McSam’s Chelsea Hotel Breaks Ground

    The 45-story building will be one of the tallest towers in Manhattan’s Chelsea neighborhood and it marks another collaboration between developer McSam Hotel Group and designer Gene Kaufman Architect.

    15 June 2017 11:59

  • Morgans Hotel NYC Fetches $41M

    The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.

    13 June 2017 20:32

  • Construction Begins on Manhattan’s Second Hotel Indigo

    The 90,000-square-foot hotel will be designed by Gene Kaufman Architect and will be located at 8-10 Maiden Lane in Manhattan’s Financial District.

    30 May 2017 15:57

  • NYC’s Chinatown Welcomes New Luxury Hotel

    Chu Enterprises developed the 229-key property at 50 Bowery, which marks the first-ever Joie de Vivre getaway in Manhattan.

    25 May 2017 11:08

  • Marriott Breaks Ground on Adaptive Reuse Hotel

    The property, a former soap and candle factory, textile manufacturing facility and knitting mill, will soon join the company’s Tribute Portfolio.

    24 May 2017 17:23

  • BH Properties Lands $253M Loan for NYC Portfolio

    New York Life Real Estate Investors provided a 25-year mortgage and mezzanine facility for three Manhattan hotels totaling 1,179 guestrooms.

    24 May 2017 11:26

  • Empire Resorts Unveils New York Casino Name

    The 18-story, 332-key Resorts World Catskills is expected to open in March 2018. The venue is part of a $1.2 billion four-season destination in Sullivan County.

    23 May 2017 16:14

  • Big Plans for NYC’s Out Hotel

    Private lender Silver Arch Capital Partners provided a $30.4 million acquisition loan for the Midtown Manhattan hotel, which will undergo an extensive repositioning process.

    03 May 2017 13:19

  • McSam Hotel Group Grabs 292 Fifth Ave. Raw Gem

    Developer and businessman Sam Chang acquired a vacant Manhattan site in a $42.4 million all-cash sale. Cushman & Wakefield arranged the long-anticipated escrow.

    19 April 2017 14:59

  • 1 Hotels Debuts in Brooklyn

    The 194-key, sustainability conscious property chose Earth Day for its grand opening. This is the flag's first ground-up build, flagship property in the area.

    19 April 2017 11:09

  • HKS Expands Footprint with NYC Design Studio

    The new studio will advance the Dallas-based hotel architecture firm's development pursuits across the northeastern U.S.

    11 April 2017 12:59