Manhattan hotel closures accelerate
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According to pwc’s Manhattan Lodging Report, 11 New York hotels closed for good in the 2nd half of 2020.
To be honest, this doesn’t seem too bad – although it will be a while before we know how many hotels never get around to opening their doors again.
It is also possible, of course, that a new investor may reopen some of the hotels which have closed, although it is clear that some capacity needs to come out of the market.
The closures in the second half of 2020 were:
- 1,015-room Roosevelt Hotel
- 876-room Hudson Hotel
- 480-room Novotel Times Square
- 460-room Hilton Times Square
- 196-room Salisbury Hotel
- 132-room AKA Wall Street
- 109-room Marmara Manhattan
- 102-room Best Western Bowery Hanbee
- 100-room AKA Tribeca
- 95-room AKA United Nations
- 60-room Comfort Inn Manhattan Bridge
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