Photo of Trump SoHo via Trump Hotels
Trump SoHo, a $450 million, 46-story hotel condominium at 246 Spring Street, has suffered from a sharp decline in corporate event bookings and an increase in staff layoffs. Documents reviewed by WYNC show the once $700-per-night hotel now offers rooms for under $400 a night, less than most of the city’s five- and even four-star rated accommodations. Plus, managers plan on laying off 12 room attendants out of the hotel’s 80 total housekeeping staff and removing turn-down service. While last year the hotel booked 29 large corporate events between January and mid-May, this year just 11 events were booked, with fewer well-known names.
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Photo of Trump SoHo via Trump Hotels
With its value nearing $30 billion dollars, it’s hard to deny Airbnb’s influence and disruption in the American hotel industry. Since its founding in 2008, the short-term lodging company has serviced about 150 million travelers, in three million listings in more than 191 countries. And as the New York Times reported, the hotel industry has launched a plan to take action against the company’s growing market share. The plan includes a national campaign at the local, state and federal levels to counter Airbnb by lobbying politicians and attorneys general to reduce the number of Airbnb hosts and fund studies that show they do not collect hotel taxes and are not required to follow the same safety and security regulations that hotels must follow.
Update 4/4/2017: 6sqft has been informed that Kara Mann’s design will likely not move forward because of changes with the development team. We will provide additional updates as we receive them.
While there’s no shortage of hotels to visit in New York City, some are more worthy of the trip than others, and the restored Hotel Chelsea will certainly be one of them when it reopens in 2018. The renovation of this famous hotel—known since the 1960s as a haven for artists, writers, and musicians, housing famous tenants including Bob Dylan, Stanley Kubrick, Jasper Johns, Patty Smith, Dylan Thomas and Leonard Cohen—has been in the works since 2011, with lots of drama, ultimately finding some direction following a $250M purchase by Richard Born and Ira Drukier of BD Hotels and hotelier Sean MacPherson, last year. Following the sale, the new owners announced they would redevelop the property as a hotel and condos, departing from previous plans of simply converting the structure into a high-end hotel. Now, with its re-opening just around the corner, the first few images of the glamorous new interiors designed by Kara Mann have emerged.
Proposed rendering of the Park Avenue foyer, via Skidmore, Owings & Merrill
On March 1st, the Waldorf Astoria closed its doors to the public so that its new owners, Chinese insurer Anbang (who just today backed out of an even larger project to redevelop the Kushner Companies’ 666 Fifth Avenue) can undertake a two- to three-year renovation to convert 1,413 hotel rooms into 840 renovated hotel rooms and 321 condos, as well as spiff up the public spaces. This last part was worrisome at first, but earlier this month, these iconic Art Deco interiors were designated an official city landmark, meaning Anbang will need to preserve them and receive approvals for any work from the LPC. Wasting no time, they’ve now released plans for both the interior and exterior renovations and announced that architectural firm Skidmore, Owings & Merrill (SOM) and renowned interior designer Pierre Yves Rochon (PYR) will “protect [the] beloved spaces and restore original features of the Waldorf not seen for decades.”
New York City expected tourism from foreigners to fall after President Trump’s chaotic announcement of his first executive order in January which banned travel from seven majority-Muslim countries because it was unclear which travelers would be allowed into the country. However, as reported by Crain’s, it’s not just money-spending travelers that have avoided the Big Apple; it’s student and youth groups that are canceling trips to the city.
This 1960s guesthouse in upstate New York was recently transformed into a charming boutique hotel by the Brooklyn-based design firm Studio Tack. The Scribner’s Catskill Lodge boasts a modern yet rustic aesthetic, highlighting both good design and the property’s expansive mountain views. The hotel is located close to Hunter Mountain’s popular ski slopes, which are all visible from inside the cozy hotel.
After raising an additional $1 billion in a financing round that began last summer, Airbnb, the short-term stay rental company, is now listed as the second most valuable private company in the United States, following Uber, the ride-hailing business, as the New York Times reported. Airbnb, based in San Francisco, has raised more than $3 billion and secured a $1 billion line of credit since the company was founded in 2008. It is now worth nearly $31 billion dollars.
The excitement was palpable yesterday evening as New Yorkers packed into the SVA Theatre for a special presentation on one of the city’s most important rehabilitation projects: the redevelopment of Eero Saarinen’s iconic TWA flight center into a hotel. Taking the stage were the development and architecture teams who divulged a slew of new details regarding the design, the hotel’s offer, and even the pricing of the rooms.
Now here’s an opportunity to own something really unique, if you’re willing to decamp New York City to run a historic hotel upstate. The Pleasant Beach Hotel, at 14477 Fancher Avenue in Fairhaven, has hit the market for $975,000. Less than $1 million will get you a nine-room hotel, as well as a bar, restaurant, private pier, and an attached owner’s apartment. With incredible views out toward Lake Ontario, this hotel has been in business since 1910… and is looking for its tenth owner to carry on the traditions of the charming waterfront getaway.
The 20-story, 300-room project at 185 Bowery was constructed in Poland and shipped to New York in 210 pieces. Owned by Dutch hotel developer/operator Citizen M with Brack Capital Real Estate, the high-rise hotel at 185 Bowery is more than half done, reports the Wall Street Journal. It will be the largest permanent modular hotel project ever in NYC. Modular construction is more common in Europe; the developer already has nine hotels up and running and 14 in the works. They’ve used the technique of stacking sealed, factory-made units containing finished hotel rooms on the majority of those projects.
The shovels were out at JFK’s TWA Flight Terminal yesterday, as MCR Development and JetBlue broke ground on their project to turn Eero Saarinen‘s mid-century modern masterpiece into the high-end, 505-room TWA Hotel. According to a press release, Governor Cuomo attended the festivities, noting that the conversion “will preserve this iconic landmark while cementing JFK’s status as a crown jewel of aviation.” The news also came with two renderings that show the two, six-story, crescent shaped hotel buildings that will rise on either side of the existing structure.
Back in March, 6sqft reported that a new hotel/rental tower at 500 Metropolitan Avenue had risen above ground, but there was still a bit ambiguity surroundings its final design. Now, just as the Williamsburg building has topped out, CityRealty uncovered the final renderings from KBA Architects. The firm created a 14-story, ziggurat-like structure that will slope down from the adjacent site of longtime local haunt Kellogg’s Diner and offer a slew of trendy amenities.
After sitting vacant at JFK Airport for 14 years as a vestige of jet-age architecture, Eero Saarinen‘s iconic 1962 TWA Flight Terminal received a new life in the summer of 2015 when it was announced that the neo-futurist structure would be reborn as a high-end hotel. MCR Development teamed up with JetBlue and the Port Authority to develop a “505-room LEED-certified hotel with restaurants, 40,000 square feet of meeting space and a 10,000-square-foot observation deck,” as 6sqft previously described. Initial reports referred to the project as the “TWA Flight Center Hotel,” but the Times now confirms that it’ll simply be the “TWA Hotel.” And with construction four months in, Curbed noticed that signage for the hotel has gone up, preserving the airline’s logo and font.
The final checkout for hotel guests at the iconic Waldorf Astoria is March 1st, after which its new owner, Chinese insurer Anbang Insurance Group, will begin converting the 1,413 hotel rooms into 840 renovated hotel rooms and 321 luxury condos to the tune of $1 billion. Earlier this month, the developer filed these plans with the Department of Buildings, which also call for adding retail space, a restaurant, and a fitness center on the ground floors. They’ll retain the historic ballrooms, exhibition space, dining rooms, and banquet rooms, but will still need approvals from the Landmarks Preservation Commission for any work on these public spaces; the building has long been an exterior landmark, but the LPC recently calendared a request to landmark the Art Deco interiors. Though no designs have been approved or confirmed, CityRealty dug up renderings from architectural visualization firm ArX Solutions that show their vision of space*.
No matter how clean the apartment or how swanky the hotel, bed bugs don’t discriminate, and many New Yorkers know it’s just a matter of time before they’ll have to deal with an infestation. With hotel outbreaks rising more than 44 percent between 2014 and 2015, a new bill set to be introduced by the City Council on Tuesday aims to cut down on hotel infestations by requiring exterminator inspections every six months.