Lodging Development Group Publishes 2011 Manhattan Lodging Report
24 hotels, containing 5,500 guestrooms, opened in 2010
64 properties, comprising 11,000 guestrooms, are under construction, approved or in active permitting
ALEXANDRIA, VA, April, 2011 -- Lodging Development Group, the industry’s leading source for hotel real estate intelligence, has released its 2011 Manhattan Lodging Report. Based on actual permit and construction activity, the report identifies 64 properties comprising nearly 10,500 guestrooms that are now under construction, approved or in active permitting in New York City's Manhattan borough.
The report also identifies each of the 24 hotels, comprising over 5,500 guestrooms, that opened during 2010, as well as 44 additional properties with the potential for 11,000 new hotel rooms that are either planned or on hold.
The full 2011 Manhattan Lodging Report provides complete profiles for more than 130 properties, including detailed status and contact information for project owners, developers, architects and builders.
Click here for an interactive map showing the location and status of all projects in the Manhattan pipeline.
|
New Hotels Opened/Opening 2008-2012 |
|
|
Rooms |
Properties |
|
Opened 2008 |
1,732 |
12 |
|
Opened 2009 |
3,808 |
21 |
|
Opened 2010 |
5,519 |
24 |
|
Opened/Opening 2011 |
2,632 |
17 |
|
Opening 2012 - 2013 |
3,086 |
14 |
|
|
|
|
|
Total |
16,777 |
88 |
Twenty-four hotels opened in Manhattan in 2010, containing 5,519 guestrooms. This figure roughly equals the number of rooms added to the Manhattan market in the two preceding years combined. There are now 31 hotels under construction, containing a total of 5,718 guestrooms. Of these, 17 properties (2,632 rooms) are expected to open in 2011, and 14 additional hotels (3,086 rooms) are expected to open in 2012-2013.
Three additional projects, representing a total of 320 rooms, have completed foundation work but are now halted due to zoning or financing issues. Two of those hotels are expected to resume construction this year.
Sixteen properties, comprising 2,048 guestrooms, have building permits or approved building plans but have not started construction. An additional 15 properties, representing 2,727 guestrooms, are in various stages of permitting for new hotel construction, expansion or conversion.
Since 2006, permits have been filed to build or convert an additional 39 properties (8,270 rooms) for hotel use. These properties have had no permit activity in the last calendar year and are considered to be on hold.
|
Hotels Approved, Proposed & Planned |
|
|
Rooms |
Properties |
|
Approved/Permitted |
2,048 |
16 |
|
Approval Pending (Permit Activity in 2010-2011) |
2,727 |
15 |
|
On Hold (No Permit w/in last year) |
8,270 |
39 |
|
Planned/Announced (No Permits Filed) |
3,275 |
5 |
|
Construction Suspended |
369 |
3 |
|
|
|
|
|
Total |
16,689 |
78 |
Finally, there are five additional projects, containing over 3,200 guestrooms, which have been announced or are in early planning. Building plans have not been filed for these projects. These include two large, future projects: the approximately 1,000-room Javits Convention Center Hotel, a possible 1,200-room hotel at the Hudson Yards West site near the Javits Center and the conversion of the Old New York Times building.
|
Hotels Opened in 2010 |
|
Hotel Name |
Hotel Type |
Rooms |
Address |
Neighborhood |
Opened |
|
|
|
|
|
|
|
|
Andaz - Wall Street |
Full-Service |
253 |
75 Wall Street |
Financial District |
Jan 2010 |
|
Distrikt Hotel-Ascend Collection |
Select-Service |
155 |
342 West 40th Street |
Midtown West |
Feb 2010 |
|
Fairfield Inn Times Square |
Limited-Svc |
244 |
330 West 40th Street |
Midtown West |
Mar 2010 |
|
Staybridge Suites Times Square |
Limited-Svc |
310 |
334 West 40th Street |
Midtown West |
Apr 2010 |
|
Trump Soho Condo-Hotel |
Condo-Hotel |
391 |
246 Spring Street |
SoHo |
Apr 2010 |
|
Hilton New York Fashion District |
Full-Service |
280 |
152 West 26th Street |
Chelsea |
Apr 2010 |
|
Comfort Inn Lower East Side |
Limited-Svc |
32 |
136 Ludlow Street |
Lower East Side |
May 2010 |
|
Hotel Eventi |
Full-Service |
287 |
851 Ave of the Americas |
Chelsea |
May 2010 |
|
InterContinental Times Square |
Full-Service |
607 |
300 West 44th Street |
Midtown West |
Jul 2010 |
|
Andaz New York - Fifth Avenue |
Full-Service |
184 |
485 Fifth Avenue |
Murray Hill |
Jul 2010 |
|
Holiday Inn Express Wall Street |
Limited-Svc |
112 |
124 - 126 Water Street |
Financial District |
Jul 2010 |
|
Cassa NY Hotel & Residence |
Full-Service |
166 |
66-70 West 45th Street |
Midtown West |
Aug 2010 |
|
W NY-Downtown |
Full-Service |
217 |
123 Washington Street |
Financial District |
Aug 2010 |
|
Gansevoort Park Avenue |
Full-Service |
249 |
420 Park Avenue South |
Gramercy/Flatiron |
Sep 2010 |
|
James New York SoHo |
Boutique |
114 |
27 Grand Street |
SoHo |
Sep 2010 |
|
The Chatwal New York |
Boutique |
88 |
128-130 West 44th St |
Midtown West |
Sep 2010 |
|
Sheraton Tribeca |
Full-Service |
369 |
370 Canal Street |
Tribeca |
Oct 2010 |
|
Fairfield Inn & Suites Chelsea |
Limited-Svc |
112 |
114 - 116 West 28th St |
Chelsea |
Oct 2010 |
|
Aloft Harlem Hotel |
Select-Service |
125 |
2296 Frederick Douglass |
Harlem |
Oct 2010 |
|
The Setai Fifth Avenue |
Full-Service |
157 |
400 Fifth Avenue |
Garment District |
Nov 2010 |
|
The Jewel Hotel |
Limited-Svc |
139 |
11 West 51 Street |
Midtown West |
Nov 2010 |
|
Element Times Square West |
Extended Stay |
410 |
311 West 39th Street |
Garment District |
Nov 2010 |
|
Courtyard SoHo |
Select-Service |
119 |
181 Varick Street |
SoHo |
Nov 2010 |
|
Doubletree - Financial District |
Full-Service |
399 |
8 Stone Street |
Financial District |
Dec 2010 |
|
|
|
|
|
|
|
Hotels Under Construction & Opened/Opening Early/Mid 2011 |
|
Hotel Name |
Hotel Type |
Rooms |
Address |
Neighborhood |
Opening |
|
|
|
|
|
|
|
|
Mondrian SoHo |
Full-Service |
270 |
150 Lafayette Street |
SoHo |
Feb 2011 |
|
The Nolitan |
Boutique |
55 |
30 Kenmare Street |
Nolita |
Mar 2011 |
|
Hotel Americano Chelsea |
Boutique |
56 |
516 West 27th Street |
Chelsea |
Q2 2011 |
|
Hotel Gramerci |
Boutique |
21 |
893 Broadway |
Greenwich Village |
Q2 2011 |
|
TRYP by Wyndham |
Select-Service |
173 |
345 West 35th Street |
Garment District |
Mid 2011 |
|
Hyatt 48 Lex |
Full-Service |
116 |
517 Lexington Avenue |
Midtown East |
Mid 2011 |
|
Dream Downtown |
Full-Service |
316 |
346 West 17th Street |
Chelsea |
Mid 2011 |
|
Flatiron Hotel |
Boutique |
65 |
1141 Broadway |
Chelsea |
Mid 2011 |
|