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Lower Manhattan Sees Uptick in Hotel Activity

Lower Manhattan Sees Uptick in Hotel Activity

Oct 01, 2014
By By: Claire Moses | The Real Deal | The Real Deal

An increasing number of hotels are in the works in the area and activity at existing hotels is strong, according to data from lodging industry firm STR cited by the New York Observer. Roughly 3,292 rooms divided across 17 projects will be added to the area in the near future. This is a 30 percent increase in hotel count — last year there were 13 projects — and a 35 percent increase in rooms, which was 2,431 in 2013.

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