Crain’s New York Business: AKA Wall Street hotel closes permanently
Another city hotel has bit the dust. AKA Wall Street has shut down permanently, a filing with the Department of Labor shows.
Travel Weekly: NYC hotels buckling under weight of Covid rules and debt
For most New York City hoteliers, business prospects have only gone from bad to worse.
The Real Deal New York: Hotel union shuttering two employee health centers
Thousands of New York City hotel workers have lost their jobs due to the coronavirus. Now, their union is being forced to slash operations at the health services it built for its members.
New York Post: De Blasio’s contract to house homeless in hotels amid COVID-19 hits $299 million
The price tag for Mayor Bill de Blasio’s program to move homeless New Yorkers from barracks-like shelters to hotels to stop COVID-19 outbreaks now stands at $299 million, documents filed with the city comptroller show.
Hotel Loan Restructurings & Refinancings Webinar
The discussion aimed to provide hotel owners in NYC insights into how lenders and borrowers are currently renegotiating/restructuring their existing loans given the distressed state of the market, and further shed a light on the lending landscape for hospitality.
Crain’s New York Business: Council bills aim to salvage the wreckage of city’s multibillion-dollar tourism industry
A package of bills in city council is taking aim at New York’s pandemic-racked multi-billion dollar tourism industry.
Fox 5 New York: NYC hotels left reeling by pandemic call for relief
Fall is typically the best time of year for tourism in New York City, but this year the hotel and hospitality industry has been left reeling by the pandemic.
The National: UN General Assembly kicks off in New York, without the assembly
On a crisp, early, autumn day in New York City, the sun glistens off Le Corbusier and Oscar Niemeyer’s famed UN Secretariat Building. The glass facade reflects the cloudless sky.