New York Post: OPINON: De Blasio push to pay off hotel union will clobber NYC’s economy
Before leaving office, Mayor de Blasio is determined to prove he’s an “honest politician” — that is, one who stays bought. And nothing makes the case like his push to protect the hotel-workers’ union, despite the devastating blow it would deal the city’s economy.
6sqft: Nomad’s glassy Virgin Hotel will have a rooftop pool and bar
As the New York City hospitality industry continues to reel from the effects the coronavirus pandemic has had on tourism and business travel, plans are moving forward for a massive new hotel in Nomad. Fresh renderings of the 510-foot Virgin Hotel at 1225 Broadway, the first in the city, were recently released, showing off the hotel’s resort-like rooftop pool and bar.
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.