The New York Times: Is the Chance to Turn Hotels Into Affordable Housing Slipping Away?
The New York Times: Is the Chance to Turn
Law360: NY Hotel Worker Pension Says Roosevelt Owner Owes $24M
A pension trust fund for a hotel workers’ union sued the owner of New York’s Roosevelt Hotel for more than $24 million in federal court on Wednesday, claiming the company owes withdrawal liability after permanently ceasing covered operations under the plan.
Gothamist: NYC Hotels Brace For Slow Recovery Despite Rebound In Foreign Tourism
After 20 months without a single guest in its more than 1,000 rooms, the Hyatt Grand Central in Midtown Manhattan is now sold out on weekends through the end of the year.
Next City: NYC Needs More Supportive Housing. Eric Adams Wants to Build It. Can He?
Eric Adams is the next mayor of New York City. He has already staked out big ambitions, announcing in September his plan to convert hotels into 25,000 units of supportive housing for people exiting homelessness. It’s something the city, struggling with near record-high homelessness among single adults, desperately needs.
The Jewish Voice: More Than 30 NYC Hotels May Close Despite Int’l Tourism Coming Back
The International travel ban was finally lifted, opening up the U.S. to tourism. For dozens of Big Apple hotels though, it may already be too late.
Politic Say: Dozens of NYC hotels in jeopardy as international tourism set to return
Tourists are poised to swarm to the Big Apple during the holiday season after an international travel ban was lifted last week — but it might be too little, too late for dozens of New York City hotels.
New York Post: Dozens of NYC hotels in jeopardy as international tourism set to return
Tourists are poised to swarm to the Big Apple during the holiday season after an international travel ban was lifted last week — but it might be too little, too late for dozens of New York City hotels.