Trendy twenty-something travelers who are still hanging on to their college days will love the new, so-edgy-it’s-almost-painful Aloft hotel at 216 Duffield Street in downtown Brooklyn, which had its official opening last night. Read More
A 50,000-square-foot, as-of-right commercial development site smack at the center of three of Manhattan’s most desirable neighborhoods has been acquired for $12.7 million by a hotel developer, brokers told The Observer.
The site at 523-25 Greenwich Street, near TriBeCa, SoHo and the West Village, was sold to Fortuna Realty Hotel SoHo, all but guaranteeing another Read More
We’d all but forgotten that Gary Barnett’s Extell once planned to build a luxury hotel in Hudson Square, just two blocks from the Trump Soho. But the developer has received a $13 million mortgage on the site, according to public records.
On the final day of June 2009, Extell filed plans for a 35-story, 180,000-square-foot Read More
One of the city’s more… interesting… structures, the Cooper Square Hotel in the East Village is now property of Westport Capital Partners, a firm specializing in “opportunistic and distressed real estate investments” as part of a $70.9 million debt restructuring deal.
The Real Deal, who first reported the move, called Read More
When the Port Authority announced earlier this month that it was looking for a developer to build a hotel behind Eero Saarinen’s iconic Terminal 5, The Observer was skeptical, to say the least. Efforts to revive the building after TWA went bankrupt and moved out a decade ago have floundered, and it seemed unlikely Read More
Brace yourselves for months of “in bed” jokes. After much whispering, the Virgin Group is finally launching its new hotel chain and New York is definitely on the list.
“I’ve had great fun turning quite a lot of different industries on their heads and making sure those industries would never be the same because Virgin Read More
A hotel chain has purchased the hip, but troubled W Hotel in Union Square for well below the price it fetched at the height of the market.
Host Hotels and Resorts, based in Bethesda, Md., has purchased the hipster vacation paradise for $185.2 million, city records show.
The W features a two-story Mediterranean restaurant with Read More
It’s now or never folks, because the bonanza of cheap hotel rooms in New York City is nearly over, according to The New York Times. As with so many deplorable Times Square phenomena, we have the business travel community to thank for the recovering hotel industry.
[NYU professor Bjorn] Hanson estimated that the number Read More
Last year, Thompson Hotels co-owner, and Shannen Doherty ex, Jason Pomeranc told The Observer that, “every hotel has a psyche.”
The occasion was a Pomeranc-guided tour of his hotel, the Smyth, in Tribeca, which, if it were indeed a sentient being, would have the psyche of a 28-year-old Wall Street banker with too much Read More
The real estate group that recently bought a Herald Square office building for a bargain-basement discount has decided to turn it into a hotel.
Hidrock Realty, which bought the old Atlantic Bank building at 960 Avenue of the Americas for just $40 million—$65 million less than its former owner paid for it just three years Read More
