Crain’s New York Business: Marriott Vacations scoops up a dozen commercial condos for $98.6M
Marriott Vacations Worldwide is continuing to buy up its building at 33 W. 37th St., even in the face of a bleak environment for the city’s hospitality industry.
Crain’s New York Business: California private equity firm buys LaGuardia Airport Marriott
A California-based private equity firm has purchased the LaGuardia Airport Marriott for between $100 million and $200 million, the firm said on Friday.
The Wall Street Journal: Cuomo Proposes Airbnb Collect Sales Tax on New York Stays
People booking vacation rentals in New York on sites like Airbnb Inc. could soon start paying sales taxes that home-sharing companies would collect under a proposal included in Gov. Andrew Cuomo’s $193 billion budget.
New York Post: One-third of NYC hotel rooms have been wiped out by COVID-19 pandemic
The COVID-19 pandemic has been hell on New York’s tourism-heavy hotel industry.
New York Post: Homeless Lucerne Hotel residents to host NYC mayoral candidate forum
Residents of one of the most controversial converted hotel shelters on Manhattan’s Upper West Side are organizing a forum to quiz the city’s leading mayoral candidates over the vexing homelessness crisis next week.
Travel Pulse: COVID-19 Crushing NYC Hotel Industry
New York City has always been resilient and has always bounced back from adversity, but the COVID-19 pandemic has been a particularly nasty opponent.
mNY: NYC hotels ask mayor to stall interest payment on real estate tax debt
New York City hoteliers are calling on Mayor Bill de Blasio to give them a hand and suspend all interest payments on real estate tax debt until the pandemic comes to an end and tourists once again flock to the five boroughs.
WABC 7 NY: NYC’s hotel industry continues to plummet, asks city for help
Hotels, like so many in the hospitality industry, are suffering amid the pandemic and now hotel owners are asking for help.