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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

 

 

 

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