NEW YORK CITY TOURISM PROFILE & HOTEL DEVELOPMENT MARKET SUMMARY

 

Research and Economic Intelligence Unit. The statistics were compiled in 2008/2009.

The NYC & Company Research and Analytics department manages a comprehensive research and economic intelligence unit for the City's travel and tourism industry. It also functions as the office of record for vital statistics on New York City's travel sector. Reports and analyses are available to NYC & Company members, elected officials, City and State agencies and key stakeholders. The department reports on visitor volume, creates visitor profiles in key markets, tracks the economic impact of the industry and conducts custom research on key market segments of visitors to New York City.

Travel research programs include:

  • Annual volume studies of domestic, international, business, leisure, day and overnight visitors


  • Visitor profile fact sheets (approximately 50 per year) covering individual origin markets, market segments and industry overview


  • The City Tourism Impact report, which covers the economic impact of visitor spending, industry-generated tax revenues, industry employment and wages supported by the tourism economy of NYC, prepared by Global Insight


  • Visitor travel forecasts that are prepared semiannually and updated when conditions merit


  • Annual visitor outreach reports


  • Monthly reports and updates, including the Tourism Barometer for NYC and the hotel occupancy and ADR trends report


History of International Travel New York City 2000-2007

2007 was undoubtedly a milestone year for international travel to New York City. After three consecutive years of gradual increases in international arrivals to NYC, international visitation soared, smashing previous records and preliminary expectations for the year. With more than 1.5 million additional visitors in 2007, the City saw an increase of 21% over the record visitation levels set in 2006. With such strong positive growth, New York City remains the number one destination in the US for overseas visitors, capturing a 32% market share (up from 29% in 2006), and a strong contender for Canadian and Mexican cross-border travelers.

Nearly every major international market grew in 2007, with the largest increases seen in Argentina (+76%), Brazil (+66%), Australia (+51%), India (+47%) and France (+39%). Moreover, by the end of 2007, most markets had finally recovered from their lingering post-9/11 slumps, breaking records set prior to the terrorist attacks.

A number of factors played a part in this growth. For instance, a key contributor was the weakness of the US dollar vis-à-vis the Euro, the British Pound and a number of other international currencies. As a result, New York City has become a relative bargain for many international visitors. Additionally, NYC & Company largely expanded its global reach in 2007, opening nine new representative offices around the world and launching major marketing and advertising campaigns, including Just Ask the Locals™ and This is New York City™.

As a result of record visitor arrivals, international visitors contributed an estimated $15 billion to the New York City economy.

International Visitors to NYC (in millions)

Key International NYC Markets (in thousands)



Overseas Visitors Travel to New York City in 2007

Overseas visitation to NYC, which includes international travel from all countries of origin except Canada and Mexico, continues to be an extremely important source of tourism for New York City. In late 2007, and looking forward into 2008, the weak US dollar is proving to be a significant draw, as overseas visitors are attracted by the relative bargains that can be found in New York as a result of favorable exchange rates. In addition, 2007 saw both the debut of NYC & Company's new This is New York City™ brand in a number of key overseas markets and the opening of nine new NYC & Company representative offices around the world, both of which provided unparalleled levels of global exposure for New York City. Moreover, while overseas visitation to the US increased by only 10% from 2006 to 2007, it jumped by nearly a quarter (23%) in the same time period in New York City, suggesting that more overseas visitors are looking to take advantage of the wide range of shopping, dining and entertainment options that the City has to offer to its visitors. New York City remains the number one destination in the US for overseas visitors, garnering a 32% market share (up from 29% in 2006), nearly three times as high as Los Angeles—the number two destination in the country—which held an 11% market share in 2007. Overseas visitors also account for a disproportionate share of total spending in NYC; while they comprise only 17% of all visitors, they account for nearly half of all visitor spending.

Overseas Visitors to NYC (in millions)

 

Overseas Profile

Main Purpose of Visit
73% travels to NYC for leisure: vacation/holiday – 51%, visiting friends/relatives – 21%. Business travel – 27%, with 4% coming for a convention/conference.

Information Sources
Internet/PC and travel agents – 40% each, airlines – 20%, friends/relatives – 15%, travel guides – 7%, corporate travel department – 6%, tour companies – 5%, state/city travel office – 4%.

Travel Parties Travel alone – 39%. Travel with family/relative – 26%, spouse – 25%, friends – 12%. Travel with children – 7%. Average party size was 1.5 people.

Length of Stay
Overseas visitors stay for an average of 7.3 nights (up from 7.0 nights in ’06). Daytrip – 3%, 1 night – 8%, 2–3 nights – 23%, 4–7 nights – 48%, 8+ nights – 19%.

First-time Visitors
69% had been to the US before, averaging 4.9 trips in the past five years.

Accommodations
Hotel – 74%, lodged in a private home – 24%.

Activities
Shopping – 88%, dining out – 84%, sightseeing and visiting historical places – 54% each, art galleries/ museums – 40%, concerts/ plays/musicals – 29%, visiting cultural heritage sites – 28%, guided tours – 21%, nightclubs/dancing – 17%, sporting events – 9%, ethnic heritage site – 4%.

Demographics
Average age – 39. 18–34 years old – 43%, 35–54 years old – 42%, 55+ – 15%. Overseas visitors were 54% male.

Occupation
Professional/manager – 64%, student – 12%, clerical/sales – 7%, retired – 5%.

Average Household Income
Household income was $97,700 (up from $91,200 in '06), with 14% earning $200,000 or more.

Spending
Approximately $235 per person per day, or $1,716 per visit to NYC. Overseas visitors spent an estimated $13.12 billion in NYC in 2007.

Definition of an NYC Visitor: one who travels 50+ miles one way (excluding commuters/ students/ residents) or stays overnight.

Source: Office of Travel & Tourism Industries (US Dept. of Commerce), In-Flight Survey of International Air Travelers.

 

 

Domestic Visitors Travel to New York City in 2007

In 2007, a record-breaking 37.1 million domestic visitors came to NYC, an increase of 2% over 2006 and a remarkable 26% over NYC's benchmark year of 2000. The continual growth in domestic visitation in the face of a softening US economy and rising gas prices is a testament to the strength of NYC's tourism industry and the widespread allure of the City. These growth figures are particularly compelling in comparison to overall domestic travel in the United States as a whole; according to TIA, the number of trips within the US has dropped by 3% since 2006 and 5% since 2005.

The domestic visitor market to New York City can be largely characterized as leisure-driven (75%), short-stay (average of 2.2 nights, with 51% making a daytrip), repeat visitors (96%) who come from within driving distance of the City or from along the "Amtrak Corridor" (Boston to Washington, DC). Compared to overseas visitors, domestic visitors have a shorter trip length and a lower daily spend, but, given the large volume of domestic visitors, they are invaluable to the City's economy, spending nearly $13.5 billion in 2007. Note: In 2007, NYC & Company added Longwoods Travel USA® survey data to our models of domestic visitor travel volume and behavioral profiles. Prior year domestic volume estimates are based upon D.K. Shifflet & Associates, Ltd. DIRECTIONS® National Travel Survey.

Domestic Visitors to NYC (in millions)

 

Domestic – 37,100,000 visitors

Main Purpose of Visit
75% travels to NYC for leisure: visiting friends/relatives – 23%, special event – 21%, getaway weekend – 10%, general vacation – 8%. Business travel – 25%, with 11% attending a convention/ conference.

Top Origin States
New York – 22%, New Jersey – 16%, Pennsylvania – 9%, Connecticut – 8%, Maryland – 6%, Massachusetts and California – 5% each.

Top Origin DMA
– New York metro area (excluding NYC residents) – 32%; Philadelphia – 7%; Hartford/New Haven – 6%; Boston – 5%; Washington, DC – 4%.

Accommodations (overnight visitors only)
Hotel – 54%, lodged in a private home – 30%.

Travel Parties
Average party size – 3.0 people. One male and one female – 25%, solo travel – 20%, three or more adults – 18%, two males or two females – 8%. Travel with children – 30%.

Length of Stay
Domestic visitors stay for an average of 2.2 nights. Daytrip – 51%, 1–3 nights – 35%, 4 nights or more – 13%.

First-time Visitors
96% had been to the NYC before, averaging 9.6 trips to NYC in the past three years.

Activities
Dining – 44%, sightseeing and shopping – 31% each, concert/ play/dance performance – 22%, nightlife – 17%, museum/art exhibit – 13%, historic site – 10%, sporting event – 6%.

Demographics
Average age – 43. 18–34 years old – 33%, 35–54 years old – 45%, 55 years and older – 22%.

Occupation
Professional/manager – 45%, technical/sales/administrative support – 17%, other occupation – 10%, service – 7%.

Average Household Income
Household income was $86,100, with 58% earning $75,000 per year or more.

Spending
Approximately $183 per person per day and $364 per trip. Domestic visitors spent an estimated $13.49 billion in NYC in 2007.

Definition of an NYC Visitor:
one who travels 50+ miles one way (excluding commuters/ students/ residents) or stays overnight.

 

 

Hotel Development New York City Briefing Sheet

Hotel Development in NYC1

Hotel development in New York City is fueled by demand for accommodations in all five boroughs and across the spectrum of scale and amenities. Over the past two years, hotel occupancies have reached virtual capacity, averaging 86.5% in 2007 and 85.6% in 2006. Effective demand, as measured by room nights, has risen each year since 2001. Expected to reach almost 24 million room nights sold in 2008, a nearly 3% increase over the 2007 achievement (22.9 million), the environment has generated interest and investment in developing new hotel properties, renovating existing hotels, and repurposing existing buildings into boutique or mid-scale hotels.

This update of the NYC & Company Hotel Development brief details 105 hotels, 83 of them in ground-up new buildings and 22 in renovated or repurposed buildings. The report covers more than 18,500 additional rooms between 2007 and 2011. When all the developments are completed, NYC hotel inventory will exceed 90,000 rooms.

Nearly one-quarter of the developments are located outside Manhattan, with 12 in Queens, nine in Brooklyn and one each in Staten Island and the Bronx. The developments planned for Manhattan start in Harlem and run all the way down to Lower Manhattan.

Thirty of the properties have opened recently, between 2007 and September 2008, and account for 3,651 additional rooms. Another 1,968 rooms are slated to open by the end of 2008 in ten new or renovated properties. The outlook for 2009 includes 39 new hotels, which represent more than 7,700 rooms. The majority of these will be in newly built properties including 12 sites located in Brooklyn, Queens and the Bronx. The longer term picture reaching out to 2011 includes 22 hotels and the proposed 1,000-room convention center hotel across from the Jacob K. Javits Center. Excluding the convention hotel, these developments could add another 4,300 rooms citywide.

Editor's Note: many of the City's new and proposed hotel projects are listed below. Since plans change frequently, please contact hotels directly for additional information. Phone numbers have been provided wherever possible.

Unless otherwise noted, properties are in Manhattan. Properties marked with an asterisk (*) are newly built, dedicated hotel properties. This report is for reference only.

1. General Sources: NYC & Company, member hotels; PKF Consulting; PWC Lodging Research Network; Ernst & Young, Lodging Investment Advisors; Manhattan Report; VMS International; HVS International; The RealDeal.com; The New York Times; Travel Weekly; Condé Nast Traveler; Business Travel News.


Under Development (listed in chronological order of scheduled opening)

At the time of publication, the list of hotel properties currently in construction were expected to open on or near their completion dates. The vagaries of construction in NYC may have an affect on the actual dates; however, the properties listed here were already permitted, and in most cases demolition and/or excavation had already begun. Unless otherwise noted, developments are located in Manhattan. Hotels marked with an asterisk (*) are newly built sites.

2009 Openings

Ace Hotel New York—247 rooms 1186 Broadway at 29th St. Projected opening: January 2009

A new lodging experience in a converted building, this Midtown property will feature a restaurant, room service, inroom refrigerators and other amenities.


Comfort Inn—70 rooms* 153-75 Rockaway Blvd. Jamaica, Queens Scheduled opening: early 2009

McSam Hotel Group LLC is developing this newly built property.


Comfort Inn—60 rooms* 23-51 83rd St. (Astoria Boulevard/LaGuardia Airport) Queens Scheduled opening: early 2009

McSam Hotel Group LLC is developing this newly built property near LaGuardia Airport.


Hyatt Andaz—250 suites (plus 350 residential units) 75 Wall St. Scheduled opening: early 2009

The Hakimian Organization is transforming the former headquarters of JPMorgan in Lower Manhattan into a 42- story luxury hotel and residential condominium designed by the Rockwell Group. Global Hyatt will manage the 250 all-suite hotel under its newly launched luxury lifestyle brand, Andaz. Construction began in February 2007.


The Mark—118 rooms 25 East 77th St. at Madison Ave. Reopening: early 2009

Following a two-year restoration and redesign, this classic Upper East Side luxury property will reopen—combining 32 condominiums with the hotel accommodations.


The Hotel Ludlow—170 rooms* 180-184 Ludlow Street Scheduled opening: early 2009

A new, 19-story independently operated boutique hotel, this property will feature 167 rooms, three suites, a fitness center and spa, a sun deck and an exclusive rooftop lounge. The contemporary glass building will be an addition to the New York City portfolio of the Desires Hotels group.


The Chatwal—88 rooms 130 W. 44th St. Scheduled opening: spring 2009

Next on the agenda for Vikram Chatwal, owner of Time, Dream and Night hotels, is the conversion of the landmark 1904 Stanford White–designed Lamb's Club into a luxury hotel. Architect Thierry Despont has signed on to design.


Dream Downtown—316 rooms 346 W. 17th Street Projected opening: late summer 2009

Vikram Chatwal Hotels Group, a division of Hampshire Hotels & Resorts, is set to open its second Dream hotel in Manhattan, which will be located in the former Covenant House building.


Cooper Square Hotel—148 rooms* 27 Cooper Square at the Bowery Scheduled opening: late 2008/2009

LoungeSleep Hotels with PeckMoss Group is developing a towering 23-story glass structure to house their new 148- room luxury boutique property at Bowery and 5th Street. The site will host multiple entertainment venues, a bar, lounge and restaurant.


Hampton Inn—135 rooms* 57-61 West 35th St. Scheduled opening: 2009 212 564-3688

McSam Hotel Group LLC is developing this newly built property on a site near the Empire State Building, Madison Square Garden and Herald Square.


Doubletree Hotel—241 rooms* 128 W. 29th St. Scheduled opening: February 2009

McSam Hotel Group LLC is developing this newly built property.


Four Points by Sheraton—250 rooms* 340 W. 40th St. (at Eighth Ave.) Scheduled opening: January 2009

Fairfield Inn—250 rooms* 330 W. 40th St. (at Eighth Ave.) Scheduled opening: January 2009

The Lam’s Group is building these two mid-priced properties, which will share a rooftop restaurant and lounge. Both properties will be managed by Marshall Management.


Fairfield Inn by Marriott Manhattan/Times Square— 92 rooms* 21 W. 37th St. at Fifth Ave. Scheduled opening: February 2009

The Lam Generation is developing this newly built hotel property in the Bryant Park area.

The Standard—330 rooms* 848 Washington Street/438 West 13th St. Scheduled opening: early 2009

The new glass-walled building in the Meatpacking District joins the other Standard hotels and marks Andre Balazs' most recent foray into the New York City hospitality market. The property will feature food and beverage facilities, meeting space, a rooftop lounge and a pool area.


Gold Hotel Plaza—650 rooms* Financial District Scheduled opening: first quarter 2009

The Lam's Group is developing this newly built 650-room, full-service property, which will include meeting rooms and a rooftop bar.


Unnamed Hotel—108 rooms* 59-40 55th Rd. Queens Scheduled opening: 2009

This new property is under construction.


Comfort Inn—48 rooms* 3070 Webster Ave. The Bronx Scheduled opening: 2009

This five-story, newly built property is under construction by McSam Hotel Group LLC.


Holiday Inn Express—112 rooms* 124 Water St. Scheduled opening: spring 2009

McSam Hotel Group LLC is developing this newly built property close to Wall Street and South Street Seaport.


Sheraton Tribeca New York Hotel—360 rooms* 370 Canal St. Scheduled opening: November 2009

Magna Hospitality is developing this newly built property near Chinatown, SoHo and TriBeCa.


Hilton Grand Vacations Club—161 rooms* W. 57th St. (between Sixth and Seventh Aves.) Scheduled opening: first half of 2009 407-521-3178

Hilton Hotels Corporation—through its timeshare division, Hilton Grand Vacations Company—is developing a new 28-story timeshare property.


Unnamed Hotel—80 rooms* 38th St. (between Third and Fourth Aves.) Brooklyn Scheduled opening: 2009

This is a new build developed by the McSam Hotel Group LLC.


Unnamed Hotel/McSam Hotel Group LLC—two hotels, 200 rooms each* 40-70 Delong St. Queens Scheduled opening: 2009

This is a new build.

Unnamed Hotel/McSam Hotel Group LLC—200 rooms* Nevins and Schermerhorn Sts. Brooklyn Scheduled opening: 2009

This is a new build.


Unnamed Hotel—150 rooms* 231 E. 43rd St. (between Second and Third Aves.) Scheduled opening: mid-2009

This is a new build in the Grand Central Terminal area.


Trump SoHo Condotel—413 rooms* 246 Spring St. (between Varick St. and Sixth Ave.) Scheduled opening: summer 2009 212-832-2000

Donald Trump, in partnership with Bayrock Group and Tamir Sapir, has nearly completed a new luxury hotel with ownership opportunities for each of the hotel rooms. The property will have an outdoor pool, a screening room, restaurant and cocktail lounge, library and event space.


W New York Downtown—217 rooms* 123 Washington St. Scheduled opening: September 2009

The Moinian Group is developing this mixed-use property— which will include 222 residential units—near the World Trade Center site. This will be Starwood Hotels & Resorts' sixth W in New York City.


Hotel Indigo New York—122 rooms* 127 W. 28th St. (between Sixth and Seventh Aves.) Scheduled opening: November 2009 770-604-5597; hotelindigo.com

This new 20-story boutique property will be owned by Fortuna Realty, LLC, under a license agreement with InterContinental Hotels Group PLC. The hotel will house 122 guest rooms and feature unique design elements, including a rooftop garden, guest lounge and a streetlevel, glass-canopied outdoor sitting area with a café. Other amenities will include a boardroom for small meetings and both wired and wireless high-speed Internet access in all guest rooms, as well as the lobby.


Hyatt Andaz Fifth Ave. (at 41st St.) Scheduled opening: 2009

Global Hyatt recently announced plans for their second Andaz property in New York City. This luxury hotel will be located in Midtown Manhattan across from the New York Public Library.

Ramada Hotel—80 rooms 416 Broadway Scheduled opening: 2009 973-753-6590

In a landmarked building at the intersection of Canal Street and Broadway on the edge of Chinatown and TriBeCa, this renovated property is currently under construction.


Sheraton Hotel—300 rooms* 228 Duffield Street Brooklyn Scheduled opening: June 2009

The Lam's Group is developing two new full-service properties in downtown Brooklyn. The Sheraton is slated to open first, with meeting rooms, restaurants, a swimming pool and an open terrace. The 176-room aloft Hotel projected for the same property will open in March 2010. It will be joined by two other aloft properties in Long Island City (2010) and Harlem (2010).


Greenhouse 26—27 rooms* 132 W. 26th St. Scheduled opening: 2009
Flatiron Real Estate Advisors LLC 212-675-3699

This Chelsea location is being developed as the City's first LEED-certified hotel property by Jack Ancona and Flatiron Real Estate Advisors LLC. The building utilizes geothermal energy and non-toxic building materials.


Independent Hotel—162 rooms* 132 Fourth Ave. (at E. 13th St.) Scheduled opening: late 2009

McSam Hotel Group LLC is developing this newly built property in the Union Square neighborhood.


Cambria Suites Brooklyn Bridge—300 rooms* 92 Livingston St. Downtown Brooklyn Scheduled opening: late 2009

Choice Hotels International began work on this new building in summer 2008. The all-suite property will mark the brand's first location in New York City.


Holiday Inn Express—198 rooms* 505 W. 43rd St. Scheduled opening: late 2009

This is a new build.


Unnamed Hotel—144 rooms* 506 W. 44th St. Scheduled opening: late 2009

This is a new build.


Hampton Inn LaGuardia Airport—220 rooms* Scheduled opening: 2009 1-800-HAMPTON; hamptoninn.com

This is a newly built property.


Mondrian SoHo—270 rooms 150 Lafayette St. near Grand St. Scheduled opening: late 2009

Morgans Hotel Group, along with New York-based developer Cape Advisors Inc., will convert an existing building into a boutique hotel in the popular SoHo neighborhood. The hotel will feature a bar and restaurant.

Smyth Tribeca—100 rooms and 15 condominiums* 86 West Broadway Scheduled opening: winter 2009

Thompson Hotels is expanding its New York City portfolio. This contemporary-style hotel, designed by Yabu Pushelberg, will blend modern interiors with the rich history and artistic past of the vibrant TriBeCa neighborhood.

 

 

2010 Openings

Hyatt Place—165 rooms* 52 W. 36th St. (between Fifth and Sixth Aves.) Scheduled opening: early 2010


Holiday Inn—288 rooms* 585 Eighth Ave. Scheduled opening: early 2010

McSam Hotel Group LLC is developing this property, which is a new build.


Sanctuary Hotel (Portland Square Hotel)—115 rooms 132 W. 47th St.
Scheduled opening/reflagging:
first quarter of 2010
212-382-0600

A major $7.5 million renovation will begin in January 2009, and when work is completed in the first quarter of 2010, the Times Square property will be a cutting-edge, deluxe hotel. Following renovations, Sanctuary will have 115 rooms versus the 147 now at Portland Square. (The property is open and currently operates as the newly refreshed Portland Square Hotel.)


The GEM Hotel Union Square—114 rooms 52-54 W. 13th Street (between Fifth and Sixth Aves.) Scheduled opening: spring 2010 212-695-1055

This property will be owned and operated by Gemini Real Estate Advisors LLC.


Element New York
Times Square West—410 rooms* 311 W. 39th St. Scheduled opening: November 2010

McSam Hotel Group is building this new property.


Holiday Inn—420 rooms* 99 Washington St. Scheduled opening: early 2010

McSam Hotel Group LLC is developing this newly built, full-service property in Lower Manhattan.


Unnamed Hotel/McSam Hotel Group LLC—245 rooms* 98 Greenwich St. at Rector St. Scheduled opening: early 2010

This is a new build in Lower Manhattan.


Shangri-La, New York—206 rooms* 53rd St. (between Park and Lexington Aves.) Scheduled opening: 2010

Shangri-La Hotels and Resorts, a leading hotel group in the Asia Pacific region, recently announced plans for this new, 64-story luxury hotel, scheduled for completion in 2010. Design elements include a ground-floor lobby with a soaring 100-foot atrium with skylight as well as guest rooms with floor-to-ceiling glass windows affording expansive views of Park Avenue, Central Park and Midtown. The hotel will feature Shangri-La's signature spa brand— CHI, the Spa at Shangri-La—and an 80-foot swimming pool and sundeck with a retractable roof.


1Hotel—TBD rooms* 14 W. 40th St. Scheduled opening: 2010

Starwood Capital Group has announced plans to build an environmentally friendly luxury hotel. The property is part of a 31-story, mixed-use green tower featuring approximately 100,000 sq. ft. of hotel and 86,000 sq. ft. of residential condominiums. Completion is scheduled for 2010.


Hotel Indigo—172 rooms* 237 Duffield St. Brooklyn Scheduled opening: early 2010

V3 Hotels is slated to open this new property in downtown Brooklyn. The hotel will be supplemented by more than 150,000 sq. ft. of retail space behind a glass facade designed by Canadian architect Karl Fischer. Groundbreaking took place in December 2007.


Unnamed Hotel/McSam Hotel Group LLC—186 rooms* 50 Trinity Pl. Scheduled opening: mid-2010

This is a new build.


InterContinental Times Square—600 rooms 300 W. 44th St. (at Eighth Ave.) Scheduled opening: mid-2010

Tishman Hotel & Realty is developing the second InterContinental Hotel for New York City. This upscale, fullservice property will feature meeting facilities.


Viceroy New York—168 rooms 330 Hudson St. (between Charlton and Vandam Sts.) Projected opening: 2010

Kor Hotel Group is developing this new hotel.


aloft NYC by the Bridge* 29-43 41st Ave. Long Island City Projected opening: December 2010

Following the opening of aloft in Brooklyn, Starwood Hotels & Resorts Worldwide, Inc. will open another property in the arts district of Long Island City.


aloft Harlem 2296 Frederick Douglass Boulevard Projected opening: June 2010

The Lam Generation is developing this property.

 

 

2011 Openings

Orient-Express—150 rooms* 24 W. 53rd St. Scheduled opening: 2011

Orient-Express Hotels Ltd., owners or part-owners and managers of 50 luxury hotels, restaurants, tourist trains and river cruise businesses operating in 25 countries, recently announced plans for this new, luxury 150-room hotel, scheduled for completion in 2011. The hotel will house contemporary dining, spa and wellness facilities as well as expanded banqueting and dining space for the company's existing restaurant, '21' Club. The current site is the Donnell branch of the New York Public Library, which will retain 28,000 sq. ft. in the building for the new state-of-theart Donnell Library.


Four Seasons Downtown—175 rooms* 99 Church St. Scheduled opening: 2011

Four Seasons Hotels & Resorts recently announced plans for this new 175-room luxury hotel, which will feature a spa, an indoor pool and a restaurant. The hotel will occupy 22 stories of this 80-story tower, which will also include 143 residential condominiums. The property will be built on the site of the former headquarters of Moody's Corp. and is scheduled for completion in 2011.

The Javits Center Convention Hotel—1,000 rooms* Eleventh Ave. (between 35th and 36th Sts.) Scheduled opening: after 2011

The RFP for this new hotel development on the edge of the Hudson Yards specifies that it will have a substantial meeting, ballroom and pre-function space and can be connected directly to the Jacob K. Javits Convention Center via an underground tunnel.

 

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