Hotel Industry Market Report NYC

       With new Hotels just finishing constructions, new conversions, the Hotels that are in Distress, are for sale, either by the owners or the Bank Note Holders….

originally Published Here  Manhattan Hotel Industry in NYC - Manhattan Report 2010 2010-02-25

We’ll assist by offering Discreet dealing with Buyers and Sellers of Off The Market Hotels... With rising hotel room rates, investing in this niche has started to become the priority investment for wide class of investors. Right on the mark, is New York City, whose sky-high luxury hotels are strongly in top demand.

Top Hotels operating in New York City and Manhattan:

Some of the best rated luxury hotels in New York City that continue to lure its clients for several decades include but not limited to:

Four Seasons hotel with 364 guest rooms,
New York Palace with over 900 rooms,
The Peninsula – a 23 storey building,
Hotel Plaza Athenee with 24 hour Concierge,
Ritz - Carlton, New York, Battery Park  the only AAA five diamond resort in Manhattan.
Ritz - Carlton, New York, Central Park Luxurious beds with Fretted linens and marble baths.
St, Regis Hotel with 256 luxurious rooms, trump International Hotel & Tower, where celebrities gather.
The Waldorf – Astoria Hotel: Luxury hotel operating from 1893 till date.

There are many New York City attractions apart from Sohotel, Hotel Penn, Park Central Hotel – Midtown Manhattan and Wellington, Loews Regency Hotel - Luxury on Park Ave, Dream Hotel and Fitzpatrick Manhattan Hotel.

Hotels expected to be launched in 2010:

There are over a dozen hotels that are expected to launch and open within this year, 2010.

Major chains attract major investors, according to Smith Travel Research Company.

1. Marriott : Five hotels, under the brands Courtyard and Fairfield.

2. InterContinental : Four hotels under the brands InterContinental with 592 rooms at Times

Square, Staybridge Suites and Holiday Inn Express.

3. Hyatt : Four Hotels, two under the brand Andaz and two under Hyatt Place Brand.

4. Starwood : Six hotels under the Sheraton brand.

5. Four Points : Four hotels under Sheraton, Aloft, W and Element brands.

While Hyatt Place is not confirmed and InterContinental yet to confirm its hotel plans, other projects are up and would launch soon.

Investor’s Opinion:

Good news from the desk of top Lodging Advisors in New York includes an expected rise of 12 percent in overall hotel capacity this year. Initial market penetration would be through discounting and this is predicted to have a lasting impact owing to irreversible recovery of imminent occupancy. We can witness huge discounting on the part of existing hotels as they compete with new hotels in New York City and Manhattan. And according to Mr. Henessey, one of the top Lodging Advisors in New York, the immediate beneficiaries are consumers.

Hotel Association of NYC, launched in 1878, is one among the many professional business and trade associations in United States of America. This worldwide recognized group continues to lead New York City’s $7 million tourism industry successfully to-date. Around 250 finest hotels with 32,768 staffs and 69, 896 rooms are its long standing members. Smith Travel Research Company in Hendersonville, Tennessee estimates 46 new hotels to be launched in New York City succeeded by Houston with 30 hotels. This year could see some of the best hotels emerging out of the cities Boston, Miami, Washington, Chicago, Dallas, Atlanta and Los Angeles.

Considering the impact of economy on hotel industry, the hotel development&