As the coronavirus crisis led many New York City hotels to close their doors, some properties have managed to boost their occupancy with government contracts to house frontline workers and others in need of housing. For the rest, business has been dismal. The situation at Sapir Corp.’s 264-key NoMo Soho hotel at 9 Crosby Street is a striking example. As revealed in the Alex Sapir-led company’s latest quarterly earnings report, the hotel had an occupancy
source https://therealdeal.com/2020/07/01/sapir-corps-earnings-highlight-challenges-facing-nyc-hotels/
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