The Real Deal New York: Soho Grand owner walking away from struggling hotel
Another New York City hotel owner is checking out.
New York City Patch: Jobs Take A Hit In New York As Local Economy Heads For A ‘Second-Wave Slowdown’
New York City lost 7,500 jobs in December, state labor data released Thursday shows, primarily because of the shutdown of indoor dining. It marked the first decline in jobs since a low in April.
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.