City & State New York: Council members accuse City Hall of telling contractors to stay away from Council hearing
Mayor Eric Adams is deliberately obstructing oversight of over $1 billion in city contracts for asylum-seeker services, City Council members alleged at an oversight hearing Thursday.
NYC Comptroller: Comptroller Lander Delivers Testimony on Asylum Seeker Contracts before the City Council Committees on Oversight and Contracts
New York, NY—Today, City Comptroller Brad Lander testified before the New York City Council Committee on Oversight and Contracts regarding asylum seeker contracts. This testimony comes just days after Comptroller Lander announced a new, real-time audit of the $432 million, no-bid DocGo contract to provide shelter services to new arrivals in the city and upstate.
The Wall Street Journal: U.S.’s Hardest-Hit Hotel Market Primed for a Comeback
The pandemic hit New York City harder than any other U.S. lodging market. Tourists stayed away and business travel dried up. Dozens of hotels with thousands of guest rooms closed their doors permanently, more than in any other major market.
Commercial Observer: New York City’s Migrants Surge Enlists a Reluctant Commercial Real Estate Industry
On Sept. 6 at a town hall meeting on the Upper West Side, Mayor Eric Adams declared that the migrant crisis — which has drawn at least 110,000 immigrants seeking asylum — would destroy New York City, shocking New Yorkers and outside observers alike.
Bisnow: How, Where And When NYC’s Hotel Industry Will Feel The Impacts Of New Airbnb Rules
The first week that New York City’s law severely restricting short-term rentals was in effect didn’t produce a higher-than-usual boost to hotel performance, according to early data, but hotel industry leaders expect that in the longer term, the ban will be a boon.
Bisnow: N.Y. Hotel Occupancy Soars 10% As Tourists Flock To The City
While many hotels around the country experienced a weaker summer than expected, New York is reaping the benefits of scores of visitors.
Daily Mail: New Airbnb NYC law halts new reservations as new rules require owners to register with city and hosts must live with guests in rentals
Airbnb rental options in New York City have shrunk after cumbersome new governmental restrictions went into effect on Wednesday and essentially became a ban on vacation rentals.
The Economist: New York City is restricting Airbnb
“It’s my house,” says Gia Sharp, a host on Airbnb, a rental platform. “I’ve worked really hard to buy it. So the thought that someone else can tell me what I can do with my house is a little crazy.” But a law which went into effect on September 5th caused Ms Sharp’s Brooklyn listing, and thousands more, to disappear from Airbnb and other short-term rental platforms.