New York Post: Manhattan Holiday Inn sells at a huge loss in COVID trend
The coronavirus pandemic may be ebbing, but the hospitality industry still ain’t doing so hot.
Skift: China’s Hotel Groups Are Bouncing Back
Yesterday we reviewed a positive report on the New York City hotel industry by CBRE, and today the NY Post had a rebuttal from the Hotel Association of New York City.
Wealth Management: Nine Must Reads for the CRE Industry Today (June 24, 2022)
Wealth Management: Nine Must Reads for the CRE Industry Today
Gothamist: Can NY’s plan to convert hotels into affordable housing help alleviate homelessness? Some hope it will.
A year ago, Gov. Kathy Hochul and state lawmakers set aside $100 million to encourage real estate developers to take New York City’s vacant and underutilized hotels that were struggling due to a lack of guests during the pandemic and turn them into permanent housing for the homeless and low-income residents. Not one hotel has been converted under the program so far.
Hotel Business: HB on the Scene: Q+A with Vijay Dandapani of HANYC
Hotel Business: HB on the Scene: Q+A with Vijay Dandapani
City Limits: After a Year of Missed Opportunity, New York Revises Sputtering Hotel-to-Housing Plan
Late last September, mayoral candidate Eric Adams campaigned in front of a boarded-up hotel in Sunset Park, describing it as the kind of place he wants to see turned into affordable housing through a $100 million state fund.
The Real Deal: NoMad hotel market set for 25% property boost
NoMad is slated for the debuts of several new hotels that could bring a business boost to the area not accustomed to large amounts of tourists.
New York Social Diary: Rolling out the Red Carpet
NYC’s storied hotel industry celebrated an eagerly anticipated return to the spotlight during its annual “Red Carpet Hospitality Gala” hosted by the Hotel Association of New York City Foundation at Mandarin Oriental in Manhattan. The sold-out event drew hundreds of attendees as the HANYC Foundation honored Hilton Executive Vice President and Chief Human Resources Officer Laura Fuentes and John Gore Organization President and Broadway League Chair Lauren Reid. Loews Hotels Chairman & CEO Jonathan M. Tisch introduced the honorees.