There are an unprecedented number of new hotel projects opening in New York City. And operators are exploring news ways to lower prices — and raise them. Two major trends have emerged among these new hotel offerings, according to Bloomberg. Firstly, a slowing market has encouraged residential developers to work with luxury hotel brands. For hotels, the sale of expensive condos in the building can offset development costs. That’s the case at the Crown Building […]
source https://therealdeal.com/2019/03/29/wave-of-nyc-hotel-openings-see-operators-trying-new-tactics-to-boost-business/
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