Bloomberg: New Yorkers Will Tolerate UN Traffic as Long as Tourists Spend Dollars
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
Bis Now: Tourists Are Back In NYC, But Pressure Is Building On Debt-Laden Hotel Owners
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.
Bisnow: Real Estate Players Worry New York’s New Gun Laws Could Be Hard To Enforce
Bisnow: Real Estate Players Worry New York’s New Gun
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
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.