New York among top three US cities for hotel construction

New York Times Square

New York ranks amongst the top three US cities for hotel construction with hotels in various stages of development across the city, the latest Lodging Econometrics (LE) Construction Pipeline Trend reports.

The Big Apple currently has 102 hotel projects under construction with 23 due to start construction in the coming year and a further 30 in early planning stages.

The large majority of these projects are concentrated in the Midtown South area, between 24th and 36th Street, where 33 projects are currently in development.

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The areas including Brooklyn, the Bronx and Staten Island and Queens and Brooklyn West each have 28 and 27 properties in development respectively.

A statement reads: “LE’s forecast for new hotel openings predicts that New York City will lead the nation for new hotel openings in 2019 with 41 projects/6,809 rooms.

“In 2020, New York is again forecast to top the list of new hotel openings with 61 projects/8,283.”

Tags : developmentNew York
Zoe Monk

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