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.
A six-digit figure that starts with the number one seems like a steal when it comes to anything Manhattan real estate related, but in this case it’ll only get you 28 days a year, which factors out to roughly $5,900 per day. Curbed shares this fractional timeshare listing at the historic St. Regis hotel, an offer to stay in what’s described as a “glamorous studio” and have access to the property’s amenities.