When real estate developer Aspen Hospitality announced its plans to open a 10-story hotel in Rockefeller Center, it became the first company to take on a hotel special permit process that the New York City Council introduced just as Mayor Bill de Blasio was leaving office in late 2021.

The era of unregulated Airbnb services in New York is coming to an end. This is especially true for those landlords who have converted $800 rent-stable apartments into $7000 suites.

Why shell out cash for a cramped hotel room when you’re visiting Manhattan, or splurge on a large rental apartment that you don’t really need? In the world of New York real estate, studios increasingly rule.

The Big Apple’s hotel industry is making a bust-to-boom post-COVID comeback — thanks in large part to the migrant crisis.

The hotel industry is making a big post-COVID comeback in the Big Apple, thanks in a big way to the migrant crisis that is currently crushing New York City.

Sobering video shows dozens of migrants sleeping on cardboard outside the iconic Roosevelt Hotel in Midtown Manhattan on Monday morning — as the makeshift processing center for asylum seekers hit capacity this weekend.

The Messenger: Migrant Influx Is Helping New York’s Hotel

New York City’s soaring hotel occupancy rates, which are the highest in the nation due to recent special events and an influx of migrants and asylum seekers, have sparked apprehension instead of jubilation among industry experts.