Preview: Hotel Development in NYC 2014-2019

19 Feb 2017

Hotel Development in NYC 2014-2019

HOTEL DEVELOPMENT IN NYC 2014-2019

This report covers more than 200 hotel properties and projects that have opened since January 2014 or are currently in the development and renovation pipeline. They are located in neighborhoods and boroughs across the city. From the Bronx to Staten Island, the city continues to attract new developments in luxury hotels, boutique and lifestyle brands, independent and affiliated properties, ranging in size from just 14 rooms to over 900. The opportunities for any business or leisure traveler are immense and great options exist at every price point and length of stay. From one night to extended stay, from family suites to business class accommodations, from pod-like quarters to spacious penthouses, New York City has rooms to suit all travelers' needs and preferences.

Today the active inventory for visitor accommodations stands at over 111,000 rooms with at least another 25,000 rooms in the short and long-term pipeline. The report highlights the growing and excellent selection of lodging choices for the individual visitor and the travel and meeting trade to select when planning for a New York City visit. It's a great time to book a hotel stay in New York City.

Since January 2016 there have been 19 new hotel openings adding almost 4,600 rooms to the city's inventory. This roster includes the completely renovated, revitalized and sustainable InterContinental Barclay with new meeting spaces and exciting changes to the guest rooms. The first Riu Plaza opened in March bringing this well-known Spanish brand to Times Square with 647 newly built rooms. Spain is also represented with a Melia Hotel property, the Innside New York and the reflagged Iberostar 70 Park Avenue. The 28-story Renaissance New York opened on Manhattan's west side with 348 rooms while small boutiques are creating personalized experiences in Midtown, the Lower East Side and Downtown. The new Four Seasons Downtown and the Thompson Beekman Hotel have brought luxurious accommodations and new restaurants to the excitement of Lower Manhattan. The current pipeline tracking covers 138 properties across the five boroughs and representing the full spectrum of hotel experiences.

Since the beginning of 2014 the city has added almost 15,000 new rooms to hotel inventory in properties across the city – helping create exciting new neighborhoods and attracting visitors to great experiences in shopping, art, culture, dining and sightseeing. New brands are on the scene (Whitby, Public, 1 Hotel, Vῑb, Virgin, Hard Rock, and more) as well as many boutique and independent names (Hoxton, Moxy, Boerum, Vos, Artezen, Redbury, Ibis Styles) with locations in exciting neighborhoods in Brooklyn, the Bronx, Manhattan, and Queens. Recent additions include two new Dream hotels, 1 Hotel Central Park and Brooklyn Bridge Park, The Dazzler Brooklyn, the New York Edition at Madison Square Park, the first Residence Inn by Marriott to open in the Bronx, as well as luxury properties at the Baccarat Hotel, The Knickerbocker Hotel and the Park Hyatt. This year also added an Arlo Hotel, The William Vale, a new AKA in Wall Street, and an EVEN hotel in Brooklyn. Select service brands are well represented with new aloft, Cambria Suites, Fairfield Inn & Suites, Four Points by Sheraton, Hampton Inn, Hilton Garden Inn, Holiday Inn Express, Homewood Suites, Hotel Indigo, Hyatt House and Hyatt Place properties, and Wyndham Garden hotels.

Long term there are proposals that will bring new properties to Harlem, Washington Heights in Upper Manhattan, Jamaica, Rockaway Beach and Long Island City in Queens, Bushwick, Red Hook and other areas of Brooklyn, as well as new developments across the Bronx.

Active Room Inventory

NYC Hotels

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016 YTD

Next Gen

(f)

Rooms (000s)

73.3

76.4

80.9

86.6

89.7

92.0

95.6

102

107

111+

≈135+

HOTEL DEVELOPMENT -NYC	Total	Manhattan	Brooklyn	Bronx	Queens	Staten Island
Hotels opened 2014-2015	58	42	6	2	7	1
Rooms opened 2014-2015	9,923	7,947	563	181	1,127	105
Hotels opened YTD 2016	19	14	3	--	2	--
Rooms opened YTD 2016	4,582	3,742	630	--	210	--
Hotels in 2016 Pipeline & Beyond	138	70	28	10	27	3
Rooms in Current Pipeline	25,768	16,280e	3,525	1,045	4,473e	445
DEVELOPMENT 2014-2019	215	126	37	12	36	4
NEW INVENTORY 2014-2019	40,273	27,969	4,718	1,226	5,810	550

Editor's Note: This report is prepared for the travel trade to aid in planning and product development. It is for reference only. Information about many of the City's new and proposed hotel projects are provided below. It is not intended as a complete list. As plans continue to change frequently, please contact hotels directly for additional information. All projected opening dates are provisional. At the time of publication, the list of hotel properties under construction was still expected to open on or near their scheduled or projected completion dates. The vagaries of construction permitting and the pressures of securing financing throughout the construction cycle may have an effect on the actual dates; however, the properties listed here were already permitted, and in most cases demolition and/or excavation had begun.

Under Development for 2016 and beyond (Listed in chronological order of estimated open date)

NEW additions and updates to the list are indicated. Unless otherwise noted properties are in Manhattan. Hotels marked with an asterisk (*) are new build. All dates are approximate and subject to change.

Arlo Hotel NoMad—248 rooms*

11 E. 31st Street at 5th Avenue