NEW YORK — With rents soaring and tourism rebounding, New York’s ambitious plan to convert tens of thousands of Covid-emptied hotel rooms into affordable housing is looking like a bust.
New Yorkers famously hate the United Nations General Assembly meeting for the barrage of traffic and heavy security that accompany the presidents, prime ministers and royalty in town.
Daily Mail: New York City officials line up to SHAKE HANDS with migrants after being bused in from Texas: Families are handed blankets and escorted to Manhattan hotels
Busses of migrants sent to New York City from Texas were welcomed with handshakes and an official escort from members of Mayor Eric Adams' administration in Manhattan Sunday.
New York Post: Head of the NYC Hotel Association says operators ready to house thousands of migrants
New York Post: Head of the NYC Hotel Association says operators ready to house thousands of migrants By CARL CAMPANILE and BERNADETTE HOGAN August 18, 2022 7:08 PM There’s
Pent-up demand has pushed New York City’s hotels back close to pre-pandemic occupancy and revenue levels. But whether the bounce is enough to lift owners and operators beyond two years of losses and accumulating debt is another question.
The Hotel Association of NYC Foundation would like to congratulate the recipients of the HANYC Foundation Scholarship, Julia Chase, Corey D'Angelo, and Lauren DeSantis. Congratulations to all of you on
Bisnow: Real Estate Players Worry New York's New Gun Laws Could Be Hard To Enforce By: Miriam Hall and Ciara Long July 14, 2022 New York state has rolled
Channel News Asia: [LINK TO VIDEO] New York City looks to hotels to address homelessness and lack of affordable housing
Channel News Asia: [LINK TO VIDEO] New York City looks to hotels to address homelessness and lack of affordable housing July 13, 2022 11:47 PM
Crain’s New York Business: Developers to convert Stewart Hotel in Chelsea to 625-unit apartment building
The hotel, located at 371 Seventh Ave. in Chelsea, is owned by Isaac and Eli Chetrit and Ray and Jack Yadidi of the Sioni Group, who purchased it in 2016 for about $213 million, according to property records and the Yadidis. The conversion process will take between 24 and 36 months, and the building will ultimately have about 625 market-rate apartments and 35,000 square feet of amenities like yoga rooms, coworking space and a golf simulator, the Yadidis said.
NYC.gov: Mayor Adams Announces Office of Special Enforcement Lawsuit Against Illegal Short-Term Rental Operation
NEW YORK – New York City Mayor Eric Adams and New York City Mayor's Office of Special Enforcement (OSE) Executive Director Christian J. Klossner today announced a new lawsuit to shut down an illegal short-term rental operation at a building located in Turtle Bay. According to the lawsuit, defendant Arron Latimer — a licensed real estate broker — as well as building owner Apex Management and managing member Esther Yip used a number of LLCs they control to run a complex and illegal short-term rental operation at 344 East 51st Street utilizing popular online lodging websites, like Airbnb. The suit represents the city's first lawsuit against a short-term rental operation identified using data obtained through the city's law — Local Law 146 of 2018, amended by LL 64 of 2020 — requiring online short-term rental platforms to regularly report data on bookings to the city.