As the de Blasio administration moves forward with its proposal to limit hotel development in large swaths of the city, the main trade group representing hotel owners – whose members have conflicting attitudes toward the plan – is sitting the debate out.
The US lodging industry continues to enjoy the benefits of strong economic fundamentals as metrics on spending, global trade, and various manufacturing indices signal that America’s economy is poised for further growth.
Although restricting hotel development in M1 zones is not anticipated to reduce historical contributions of the sector, it is projected that over the long term, impeding new hotel development will reduce the potential economic and social benefits to NYC.
LW Hospitality Advisors has revealed the findings of a comprehensive M1 Zoning Hotel Market Analysis completed in advance of the city’s decision regarding the certification of the proposed action to limit new hotel development in M1 zoning districts.
Leading hotel industry analyst LW Hospitality Advisors has announced the findings of a comprehensive M1 Zoning Hotel Market Analysis.
This report explores the historical and prospective economic trends of the New York City hotel & tourism market and the potential unintended economic and social impacts if the proposed special permit to limit hotel development in M1 zoning districts is adopted by the New York City Department of City Planning (DCP).
As president of LW Hospitality Advisors Asset & Property Management Services (LWHA), it’s Gary Isenberg’s business to identify and respond to trends in the industry.
Although already a popular choice for hotel development throughout Europe, in the U.S., modular construction is a growing trend in lodging, particularly in connection with low-rise select and limited-service properties.