31 May 2019
Welcome to New York.
From the Bronx to Brooklyn, across Queens to Staten Island's new North Shore, new hotel properties are joining the dynamic developments in Manhattan, as the hotel pipeline in New York City continues to outpace the US growth picture. With a range of ground up new buildings, restorations of historic buildings, and expansions, the outlook for new inventory supports the city's Welcome. Always. message to visitors offering accommodations to suit all traveler needs and preferences. Over the past decade the city has attracted new brands, international properties, authentic neighborhood independents, and a wide-ranging collection of select service brands, business class hotels, lifestyle and boutique properties, and new luxury destinations. This report covers almost 200 hotels and projects, including almost a dozen new entries, that represent an additional 20,000 rooms to the city's already diverse inventory. At the current pace, the city is expected to reach almost 139,000 rooms in active inventory by the end of 2021.
For calendar year 2018, 18 new hotels opened with a total of approximately 3,400 rooms added to the City's supply. Among the new openings are the upscale Park Terrace across from Bryant Park in midtown, the Aliz Hotel Times Square, the City's first TownePlace Suites by Marriott, the Insignia Hotel in Brooklyn, a member of the Ascend Collection, Mr. C Seaport, a Leading Hotels of the World member, and The Assemblage John Street, a co-working space with extended stay accommodations in Lower Manhattan. Additional new openings in the financial district include the Moxy NYC Downtown and the AC Hotel Downtown. In Queens, a dual-branded Courtyard and Fairfield Inn opened in Fresh Meadows, while the Hoxton opened in Brooklyn.
This year has already witnessed the addition of 10 new hotels with 2,514 rooms coming online. The TWA Hotel at JFK airport, MCR's restoration and expansion of the landmarked Eero Saarinen terminal building into a meeting, leisure and business hotel, recently opened in May. Ace Hotels added the Sister City property to the hip Lower East Side, The Times Square EDITION brought 452 guest rooms and spectacular lounge space to midtown, while the Moxy brand expanded into the Chelsea neighborhood on Manhattan's westside. Looking ahead, the City's hospitality industry is planning for the addition of an estimated 18,700 plus rooms in 114 new developments in all five boroughs. Key brands at all chain scales are opening across Manhattan and the boroughs and contemporary brands are making their home in New York including Equinox, Moxy, Six Senses, Pestana, Staypineapple, NH, Virgin Hotels and an Aman Hotel. Exciting projects for the rest of 2019 include the Renaissance Chelsea, the return of the landmark Chelsea Hotel as well as local boutique brands BMB (Lower Manhattan), another Ace Hotel in Brooklyn, and the FIDI. In Manhattan the Javits Center and Hudson Yards, as well as Times Square and the Theater District, are spurring even more exciting growth, especially in mid-priced hotels. Beyond midtown, notable neighborhoods for new hotels include Harlem, Roosevelt Island and Greenwich Village as well as the exciting Lower East Side. Queens hotel development is moving beyond the airports to Long Island City, Flushing, Rockaway, Jamaica and Fresh Meadows. In addition, there are exciting new developments on the visitor map in both the Bronx and Staten Island. The picture for 2020 and through year-end 2021 is an unparalleled mix of brands, amenities and locations to make it easy to find your welcome across New York City.
See attached PDF for full document.