Alliance For Downtown NY: Hotel Rooms Booming in Lower Manhattan

The number of hotels in Lower Manhattan has tripled since the 9/11 terrorist attacks, the Alliance for Downtown New York has found. The organization said this week that the number of rooms in their district, Lower Manhattan south of Chambers Street, has increased by more than 60 percent in that time.

June 30, 2010
By Allison Landa, News Editor

Andaz Hotel

The number of hotels in Lower Manhattan has tripled since the 9/11 terrorist attacks, the Alliance for Downtown New York has found. The organization said this week that the number of rooms in their district – Lower Manhattan south of Chambers Street – has increased by more than 60 percent in that time.

In 2010, the 169-room World Center Hotel, the 112-room Holiday Inn Express, and the 253-room Andaz have opened. The 220-room W New York – Downtown & Residences is expected to open within weeks, bringing the total of hotels in the area to 16 and 3,693 combined rooms. Another three hotels with a combined 680 rooms are also under construction.

“The volume of investment pouring into downtown’s hospitality industry is further proof that Lower Manhattan is now New York City’s most desirable and dynamic location,” Alliance president Elizabeth Berger said when announcing the news.

The Alliance estimates that nearly 6 million people visit Lower Manhattan annually, and that the area’s hotels were 86 percent occupied in the fourth quarter of 2009.