Influx of New Hotels

Posted: July 9, 2010 Posted by: The Real Deal

Developers are on schedule to open the largest number of hotels in NYC in several decades.  The city is expected to see an 8.5% expansion in room supply, a much faster rate than the rest of the country, where room supply grew only 1.6%.  Forty four new hotels with 7,561 rooms are scheduled to be added by this year.


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