It isn’t just our imagination that a new hotel opens in New York almost every week. This week Major Michael R. Bloomberg announced that by the time 2011 departs New York City’s hotel room tally will reach 90,000 – a 24 percent increase over 2006.
And the building boom continues. Over the next two and a half years, a spate of new hotels will deposit an additional 7,000 rooms on the market. Among them are the Conrad, opening in January in the former Embassy Suites Battery Park, the Willow Hotel group’s 120 West 57, the Park Hyatt across the street at 157 West 57th Street, the Four Seasons Downtown, and the Residence Inn and Courtyard by Marriott combo to be housed in a 68-story tower – the city’s tallest hotel – on West 54th Street and Broadway. And that’s just in Manhattan. (more…)