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.
Find out more
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.