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Huge appetite for hotels in Big Apple
New York City is adding nearly 5,000 new hotel rooms to its current inventory of 70,723 by the end of 2007, reports NYC & Company.
Hotel styles include chic budget, sophisticated boutique and value-priced, says the city’s marketing arm.
“Development patterns show the strength of downtown Manhattan, Harlem, Brooklyn and Queens as visitor destinations with 18 properties slated for construction or renovation,” the group said.
Said Cristyne L. Nicholas, president & CEO of NYC & Company:
Many of the new properties, in diverse locations such as Staten Island, TriBeCa, the Lower East Side, Queens and Harlem will anchor the start of economic and business development.”
The city is expected to close this year with an 87% occupancy rate.
Report by David Wilkening
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