Publications

Articles

"New York City is Adding Nearly 5,000 New Hotel Rooms to its Current Inventory of 70,723 by the End of 2007", Hotels Online Special Report, 11/17/05

New York, NY (November 17, 2005) - Fuelled by record visitor volume, a thriving economy, and significant additions to the tourism product, New York City is adding nearly 5,000 new hotel rooms to its current inventory of 70,723 by the end of 2007.

Hoteliers are developing properties that represent exciting new trends in New York City's hotel product such as chic budget, sophisticated boutique, and comfortable value-priced hotels. Development patterns show the strength of downtown Manhattan, Harlem, Brooklyn and Queens as visitor destinations with 18 properties slated for construction or renovation.

In addition to new properties from the Marriott, Hilton and Starwood brands, celebrity hoteliers including Andre Balazs (The Standard), Ian Schraeger (Gramercy Park Hotel), Jason Pomeranc (6 Columbus Circle and to be named Allen Street), Vikram Chatwal (The Night Hotel) and Robert De Niro (The Downtown Hotel) are investing in New York City's thriving tourism product. New York City is expected to close 2005 with an 87% occupancy rate and 22 million room nights booked, an increase of one million over 2004.

"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 in these exciting new neighborhood destinations and will introduce global visitors to new experiences in the Big Apple," said Cristyne L. Nicholas, President & CEO of NYC & Company.

Tourism is a powerful economic engine for New York City that generates $21 billion in direct spending, $12 billion in wages and $5 billion in city, state and federal tax revenues. New York City welcomed nearly 40 million visitors in 2004, whose spending helped support over 300,000 jobs in all five boroughs.

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Under Development

Listed in chronological order of scheduled opening.

This information is based on available data as of November 2005.

Blue Moon Hotel - 22 suites

100 Orchard Street

Scheduled Opening: Fall 2005

Manhattan's only kosher hotel will open in 2005 in a beautifully restored tenement building which will create the charm of Old World, late-19th Century Orchard Street while providing modern and chic amenities. Guests will experience Historic Americana through the hotel's ethnic dining and live Jazz music.

212/533-9080 www.bluemoon-nyc.com

Hampton Inn Manhattan/Seaport - Financial District - 65 rooms

320 Pearl Street

Scheduled Opening: December 2005

1-800-Hampton, www.hamptoninn.com

The Night Hotel - 72 rooms

132 West 45th Street

Scheduled Opening: December 2005

Formerly the Best Western Ambassador, The Night Hotel is inspired by the pulse and passion of New York City, Vikram Chatwal's new property is a stylish petite hotel of distinctive elegance.

212/777-3455

Residence Inn by Marriott - 357 suites

W. 39th Street & Avenue of the Americas

Scheduled Opening: Late 2005

The first Residence Inn by Marriott in New York City, this extended stay hotel will be part of the Bryant Park Tower, a 43-story building that will also include 96 studio and one-bedroom rental apartments, street level retail space, a bar overlooking Bryant Park and onsite valet parking. The hotel will be owned by G. Holdings Corporation and operated as a Residence Inn.

212/704-8906 www.marriott.com

Courtyard by Marriott New York Upper East Side - 210 rooms, 16 suites

410 East 92nd Street at York Avenue

Scheduled Opening: Early 2006

Just steps from Museum Mile and the most renowned healthcare facilities including Sloan-Kettering Cancer Center and New York Presbyterian Hospital, this property will feature comfortable rooms with free high-speed Internet access, a fitness center with 50 ft. indoor lap pool, whirlpool, steam room, sauna and massage facilities. Business Center and meeting space to accommodate 122 people.

212/410-6777 www.marriott.com

Holiday Inn Express Brooklyn - 90 rooms

4th Avenue and Union Street

Brooklyn, NY

Scheduled Opening: Early 2006

770/604-5597

The Downtown Hotel - 83 rooms

Greenwich and North Moore Streets in TriBeCa

Scheduled Opening: 2006

Actor Robert DeNiro and partner Ira Drukier have announced plans to build a $43 million, six-story luxury hotel planned in Manhattan's TriBeCa neighborhood.

6 Columbus Circle - 90 rooms

6 Columbus Circle

Scheduled Opening: 2006

Jason Pomeranc, who opened 60 Thompson three years ago, will expand his boutique-hotel empire with two properties in 2006. In addition to 6 Columbus Circle, Pomeranc will open a hotel on Allen Street on the Lower East Side in 2006.

Unnamed Hotel - 108 rooms

59-40 55th Road

Queens, NY

Projected Opening: January 2006

Wingate Inn LaGuardia - 136 rooms

137-07 Northern Blvd.

Queens, NY

Scheduled Opening: February 2006

718/445-3300

Hilton Garden Inn Tribeca - 150 rooms

6 York Street

Scheduled opening: March 2006

Gramercy Park Hotel - 186 hotel rooms and 23 private residential units

50 Gramercy Park

Scheduled Opening: Spring 2006

Ian Schrager's latest hotel project is scheduled to open in the spring of 2006 following a complete overhaul of one of the city's truly legendary hotels.

212/685-4300 www.gramercyparkhotel.com

The Rockefeller Center Hotel - 80 rooms

25 West 51st Street

Scheduled Opening: March 2006

The Rockefeller Center Hotel, opening in March 2006, will be first hotel in Rockefeller Center. Located at the top of Rockefeller Plaza, many guest rooms face the ice skating rink, Radio City Music Hall and St. Patrick's Cathedral. The facility will be state of the art, with instant registration, 24 - hour concierge, free high-speed Internet access and use of a computer and printer in a business lounge. The hotel will have a health facility, restaurant, bar and lounge.

212/626-9382

The Loft - 45 rooms

130 Duane Street

Scheduled Opening: April 2006

The Hersha Group and Sam Chang are currently constructing the boutique property which is scheduled for an April of 2006 opening in the middle of TriBeCa.

Wingate Inn - 92 Rooms

233-235 West 35th Street

Scheduled Opening: May 2006

Wingate Inns International broke ground in January 2005 for their first Wingate Inn in Manhattan, a $20 million, 17-floor property which will begin welcoming guests in Spring 2006. Hotel facilities will include a boardroom, meeting room, fitness room and 24-hour self-service business center.

973/496-0750

The Smith Hotel - 93 rooms

Smith Street and Atlantic Avenue

Brooklyn, NY

Scheduled Opening: June 2006

Construction has begun on the aptly named Smith Hotel, slated for Smith Street. The 13 floor new build will open in June 2006 as a 93 room hotel with 50 luxury residential condominiums.

Hampton Inn Staten Island - 210 rooms

1120 South Avenue at Lois Lane

Staten Island, NY

Scheduled Opening: July 2006

718/477-2100

Comfort Inn - 70 rooms

Eighth Avenue at 39th Street

Projected Opening: July 2006

Unnamed Hotel - 213 rooms

171 Liberty Street

Brooklyn, NY

Scheduled Opening: July 2006

Plans are to build an independent mid-priced property with limited service.

Four Points by Sheraton Soho Village - 152 rooms

66 Charlton Street (between Varick and Hudson Streets)

Scheduled Opening: July 2006

Starwood Hotels 14th New York City property will be the area's first newly built moderately-priced lodging alternative in one of the city's most vibrant neighborhoods. The hotel will feature 150 guestrooms including two luxury suites with hardwood floors, 20-foot high floor-to-ceiling windows and 42-inch plasma TV screens.

914/640-8496

Allen Street - 112 rooms

Allen Street (between Houston and Stanton Streets)

Scheduled Opening: September 2006

Following on the success of his 60 Thompson hotel, Jason Pomeranc is developing this boutique property in the Lower East Side. The hotel will feature 32 luxury condominiums plus a spa, and swimming pool.

New York Marriott at the Brooklyn Bridge - adding 282 rooms

333 Adams Street

Brooklyn, NY

Construction Complete: Fall 2006

January 2005 saw the groundbreaking for a 24-story expansion to the New York Marriott at the Brooklyn Bridge. This will create 282 additional rooms and 2,000 additional square feet of meeting space for a total of 658 guest rooms and 30,000 total square feet of meeting space. Premium retail space will be added along Adams Street. The pedestrian plaza between Adams and Jay Streets will be improved with new street furniture, lighting and landscaping. A two-level pedestrian bridge will link the expansion to the existing hotel.

718/246-7000 www.brooklynmarriott.com

Courtyard by Marriott Harlem - 204 rooms

125th Street at Park Avenue

Scheduled Opening: Late 2006

Press: 212/704-8906

Holiday Inn Express - 188 rooms

232 West 29th Street (between Seventh and Eighth Avenues)

Scheduled Opening: Fall 2006

Press and Public: 770/604-5597

Hampton Inn LaGuardia Airport - 220 rooms

Scheduled Opening: January 2007

Press and Public: 1-800-Hampton, www.hamptoninn.com

Sheraton Hotel - 175 rooms

West 28th Street (between 6th and 7th Aves.)

Scheduled Opening: Mid 2007

The Lam's Group is planning a First Class property in this Midtown West location.

Sheraton Four Points - 250 rooms

Fairfield Inn - 250 rooms

Eighth Avenue at 40th Street

Scheduled Opening: 2007

The Lam's Group plans to build two mid-priced properties with room rates ranging from $180 to $220. The properties will share a rooftop restaurant and lounge. Construction to begin by end of 2005 and both should open in late 2007.

The Plaza Hotel - 350 rooms

768 Fifth Avenue at 59th Street

Scheduled Reopening: 2007

Undergoing renovations and will reopen 350 hotel rooms and 150 residential apartment units in 2007.

The Standard - 344 rooms

West 13th Street between Washington and West Streets

Scheduled Opening: Late 2007

Andre Balazs' third foray into the New York City hospitality market with this new build in the Meatpacking District. A rooftop pool is planned.

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Recently Opened / Renamed

(listed in chronological order)

The London NYC - 506 suites (currently)

151 West 54th Street

Scheduled Rename: Fall 2006

LXR Luxury Resorts will refurbish and reposition the former Rihga Royal hotel and rename the property The London NYC. The all-suite hotel will undergo a complete transformation including new interior architecture and design by British designer David Collins and the addition of a high-end restaurant by acclaimed chef Gordon Ramsay.

212/307-5000

The Hard Rock Hotel - 610 rooms

235 West 46th Street

Scheduled Re-flagging: Fall 2006

This Times Square property was purchased as a joint venture between Sol Melia Hotels & Resorts, Hard Rock Café International and Becker Ventures LLC. The former Paramount Hotel will undergo a multi-million dollar refurbishment, following which it will be re-branded the Hard Rock Hotel New York. The hotel will continue to operate as the Paramount Hotel until the completion of the refurbishment in 2006.

212/764-5500 www.solmelia.com

Fairfield Inn New York LaGuardia Airport/Flushing - 84 rooms

28-66 College Point Blvd

Queens, NY 11354

Opened: November 9, 2005

This is the first Fairfield Inn located in Queens, just miles from LaGuardia and JFK airports this new property offers complimentary continental breakfast daily.

718/888-9979

Holiday Inn Express Midtown-Fifth Avenue - 125 rooms

13 West 45th Street

Opened: October 2005

InterContinental Hotels Group opened their first Holiday Inn Express in Manhattan. The popular midtown location at Fifth Avenue and 45th Street is walking distance from many of the city's most popular attractions including Grand Central Station, Times Square, Rockefeller Center, Central Park and Fifth Avenue shopping.

212/302-9088

Hilton Garden Inn Times Square - 369 rooms

790 Eighth Avenue at 48th Street

Opened: October 2005

In the heart of the theatre district this newly renovated hotel offers the business traveler a 24 hour complimentary business center, high-speed Internet and wireless high-speed Internet access in the lobby and indoor parking. This is the 250th Hilton Garden Inn and the first in New York City.

212/581-7000

The Hampton Inn Times Square North - 300 rooms

851 Eighth Avenue at 51st Street

Re-Flagged: August 2005

Formerly the Howard Johnson Plaza, the property has undergone a complete transformation including new guestrooms, bathrooms, changes to the exterior of the hotel and an expanded lobby and hotel entrance. Guests at the property enjoy a complimentary "On the House" Hot Breakfast each morning.

1-800-Hampton www.hamptoninn.com

Days Inn Howard Beach - 91 rooms

153-71 S. Conduit Avenue

Queens, NY

Opened: August 2005

Comfort Inn and Suites - 76 guest rooms

60-30 Maurice Avenue

Queens, NY

Opened: July 2005

This new mid-market hotel is 1 ½ miles from mid-town Manhattan, 2 miles from LaGuardia Airport and offers free parking, airport shuttle and complimentary continental breakfast.

718/457-5555 www.comfortinn.com

Affinia Manhattan - 526 suites

371 Seventh Avenue

Renamed: July 2005

Following a $3.3 million renovation, the Affinia Manhattan was re-launched. Formerly the Southgate Tower, the Affinia Manhattan offers business and leisure travelers an authentic New York experience with every stay. The property is centrally located in midtown near Madison Square Garden, Penn Station the Javits Convention Center, shopping theater and Chelsea.

212/563-1800 www.affinia.com

Hotel 57 - 225 rooms

130 East 57th Street at Lexington Ave.

Opened: June 2005

After undergoing a $20 million complete renovation, Hotel 57, formerly the Habitat, a budget property, reopened as a sophisticated full service hotel with contemporary and comfortable rooms. At Lexington Ave. and East 57th Street, the location is ideal for business and leisure travelers alike.

212/651-3225

La Quinta Inn Queens - 100 rooms

37-18 Queens Blvd.

Queens, NY

Opened: May 15, 2005

La Quinta Inn Queens is located less than two miles from Manhattan directly across the Queensboro Bridge, and less than ten minutes by cab from La Guardia Airport, the property is La Quinta's second in New York City.

718/729-8775

Hampton Inn Manhattan/Midtown-Herald Square - 136 rooms

31st Street at Sixth Avenue

Opened: November 2004

1-800-Hampton www.hamptoninn.com

Hilton Garden Inn JFK - 190 rooms

148-18 134th Street

Queens, NY

Opened: February 2005

718/332-4448

Doubletree Metropolitan Hotel - 755 rooms

569 Lexington Avenue

Re-flagged: December 2004

This property is under new ownership and management through a partnership of Highgate Holdings and Oxford Lodging. The property underwent a $30 million renovation to all 755 guest rooms and suites, 10,000 square feet of meeting and banquet space and restaurant, the Met Grill.

212/752-7000 www.dtnewyork.com

Hotel QT New York - 140 rooms

125 West 45th Street

Opened: December 2004

André Balazs' new property in Times Square offers 140 loft-like, affordable rooms. The lobby features a pool, bar and mezzanine lounge. Hotel guests enjoy complimentary European breakfast, 24-hour coffee bar, steam/sauna, and fitness equipment.

212/354-2323 www.hotelqt.com

Hotel Chandler (formerly Le Marquis New York) -120 Rooms

12 East 31st Street

Renamed: October 2004

Formerly the Le Marquis New York - the 120 room boutique hotel has been renamed The Hotel Chandler. The hotel is operated by Triumph Hospitality and is a member of the prestigious Concorde Hotels group which has hotels in Paris, London, Rome, Tokyo and more than 60 other international destinations.

212/889-6363 www.hotelchandler.com

Affinia 50 (formerly the Plaza Fifty Hotel) - 211 Rooms

155 East 50th Street

Renamed October 2004

The Affinia 50 made its debut last October as an "Executive Club Suite Hotel." Formerly the Plaza Fifty, the newly named Affinia 50 had a $12-million renovation and offers business and leisure travelers a private club environment.

212/751-5710 www.affinia.com

The Solita Soho Clarion Hotel - 42 rooms

159 Grand Street

Opened: August 2004

A new construction 12-story building with 42 custom guest rooms providing spectacular views of the city. Each room is equipped with high speed Internet access, plasma television, cable, daily newspapers, and in-room coffee maker. The property is within walking distance of fashionable shops, boutiques and restaurants.

212/925-3600 www.clarioninn.com

Courtyard by Marriott Manhattan Fifth Avenue (formerly Hotel 5A) - 189 rooms

3 East 40th Street

Renamed: January 2005

This 30-story boutique hotel located in the heart of New York City offers comfortable rooms with a work desk and complimentary high-speed internet access. By late 2005, there will be some new enhancements -- guest rooms will feature plush bedding with extra pillows along with a fitness center, a market, an executive boardroom, and a business center.

212/447-1500 www.marriott.com

Dream (formerly the Majestic Hotel) - 228 Rooms

210 West 55th Street (at Broadway)

Renamed: September 2004

Following a floor-to-floor renovation, all 208 rooms and 20 suites are designed in a modern eclectic style with high tech features such as 37" plasma TVs and iPod digital audio players. In addition to the upstairs '50's style lounge Ava, the hotel now includes restaurant Serafina and an additional lobby lounge Subconscious. Meeting space and a spa influenced by Deepak Chopra are also new additions.

212/247-2000 www.dreamny.com

The Hotel on Rivington - 111 rooms

107 Rivington Street

Opened: July 2004

This 22-story, all glass structure with 360 degree unobstructed views offers a unique visitor experience including private outdoor space for most rooms, glass shower walls on the building exterior and spa services.

212/475-2600 www.hotelonrivington.com

70 Park Avenue Hotel - 205 rooms

70 Park Avenue at 38th Street

Reopened: July 2004

The Kimpton Hotel Group purchased this 205 room Midtown hotel (formerly the Doral Park Avenue) and reopened following a complete renovation of the property.

Public: 212/973-2400 www.70parkavenuehotel.com

The Blakely New York - 115 rooms

136 West 55th Street

Reopened: June 2004

Formerly the Gorham Hotel, this property reopened under new management and new ownership after a complete renovation.

212/245-1800 www.blakelynewyork.com

Hotel Gansevoort - 187 Rooms

18 Ninth Avenue

Opened: April 1, 2004

Located in the trendy Meatpacking District at Ninth Avenue and 13th Street, this property features unique design elements and includes an outdoor, 45-foot rooftop pool.

212/206-6700 www.hotelgansevoort.com

Four Points by Sheraton Manhattan Chelsea - 158 rooms

160 W 25th Street

Opened: March, 2004

The first Four Points property in Chelsea offers guests access to fashionable galleries, eclectic nightlife, outstanding restaurants and shopping.

212/627-1888 www.fourpoints.com

Mandarin Oriental Hotel - 251 Rooms

Columbus Circle

Opened: November 2003

Located in Columbus Circle, just steps from Central Park, the hotel offers luxurious guest rooms and suites with stunning views. Also on location is The Spa at Mandarin Oriental, a 14,500-square-foot spa available for both guests and nonguests.

212/805-8800 www.mandarinoriental.com

The Alex Hotel - 203 rooms

205 E. 45th St.

Opened: October 2003

This David Rockwell creation features beautifully decorated guest rooms, 600- to 800-square-foot suites and a Zen-like bamboo entrance. Riingo - a new Japanese interpretive restaurant by acclaimed chef Marcus Samuelsson provides 24-hour room service with everything from sushi to hamburgers.

212/867-5100 www.thealexhotel.com

Hampton Inn Manhattan/Chelsea - 144 rooms

108 W. 24th St.

Opened: August 2003

Rooms at this Hampton Inn property are beautifully designed with the look and feel of New York City. Several special city view rooms have VCR-DVD players, soft seating, and large bay windows with unparalleled views of northern Manhattan.

212/414-1000, 1-800-Hampton, www.hamptoninn.com

San Carlos Hotel - 147 rooms

150 East 50th Street

Opened: July 2003

Following a 16-month, $22 million renovation, the hotel offers a selection of deluxe studios, executive suites, one-bedroom suites and two penthouse suites featuring terraces and wood-burning fireplaces.

212/755-1800 ext. 1200 www.sancarloshotel.com

Millenium Hilton - 565 rooms

55 Church Street

Reopened: May 2003

The Millenium Hilton was totally refurbished and reopened to great reviews in May of 2003. New amenities include 42" plasma screen TVs, high speed Internet access and two-line cordless telephone with dataport and personalized voice mail in every room and a new fitness center with an indoor heated lap swimming pool. The Church & Dey Restaurant on the 3rd floor offers authentic American regional cuisine.

212/693-2001 www.hilton.com

Maritime Hotel - 120 rooms

363 West 16th Street

Opened: May 2003

The hotel's 120 rooms and four penthouse suites resemble modern ship's cabins, with burnished teak paneling, sleek shelves for luggage, high speed Internet access and flat screen televisions. Porthole windows, five feet in diameter, face the Hudson River skyline.

212/242-4300 www.themaritimehotel.com

La Quinta Inn Manhattan - 182 rooms

17 West 32nd Street

Opened: May 2003

Having completed a $2.5 million renovation, the hotel offers rates starting at $99 per night, which include complimentary continental breakfast. All guest rooms and public spaces are equipped with high-speed, wireless Internet service. This hotel is part of Apple Core Hotels operating five properties in Manhattan.

212/790-2710 www.applecorehotels.com