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Manhattan Hotel Supply Growth to Continue Through 2010



Alexandria, Va., April 12, 2010 -- Lodging Development Group, a leading provider of development research to the U.S. Lodging industry, has released its 2010 Manhattan Development Report. Based on actual permit and construction activity in New York City's Manhattan borough, the report identifies 119 new lodging properties comprising nearly 23,000 guest rooms that are now under construction, approved or in permitting, as well as all properties opened from January 2009 to the present.

For an interactive map showing the location of all projects in the Manhattan pipeline, see: www.LodgingDevelopment.com/manhattan.

The full 2010 Manhattan Development Report, available at www.LodgingDevelopment.com, provides complete profiles for approximately 150 properties, including detailed status and contact information for project owners, developers, architects and builders.

New Hotels Opened/Opening 2008-2011


Rooms Properties
Opened 2008 1,732 12
Opened 2009 3,808 21
Opened/Opening 2010 6,796 32
Opening 2011 1,216 5



Total 13,552 70


Twenty-one hotels opened in Manhattan in 2009, representing 3,808 guest rooms, up from 1,732 new rooms opened in 2008. There are now 37 additional hotels under construction, containing a total of 8,012 guest rooms. Of these, 32 properties (6,796 rooms) are expected to open in 2010, and five additional hotels (1,216 rooms) are expected to open in 2011. Properties were considered to be under construction only if excavation, foundation or vertical construction were active at the time of inspection. All inspections took place in March 2010.

Three additional projects, representing a total of 320 rooms, have completed foundation work but are now halted due to zoning or financing issues.

Twenty-nine properties, comprising 5,002 guest rooms, have building permits or approved building plans but have yet to begin construction. An additional 53 properties, representing 10,316 guest rooms, are in various stages of permitting for new hotel construction, expansion or converstion. Of these, 36 properties (6,328 rooms) had permit activity in 2009 and are considered active. The remaining 17 properties (3,988 rooms) had no permit activity in the last calendar year and are considered to be temporarily on hold.

Hotels Approved, Proposed & Planned


Rooms Properties
ApprovedPermitted 5,002 29
Approval Pending (Permit Activity in 2009) 6,328 36
On Hold (No Permit Activity in 2009) 3,988 17
Planned/Announced (No Permits Filed) 4,024 7



Total 19,342 89

Finally, there are seven additional projects that have been announced or are in early planning but for which building plans have yet to be filed. These include two large, future projects: the approximately 1,250-room Javits Convention Center Hotel and a possible 1,200-room hotel at the Hudson Yards West site near the Javits Center.

Hotels Opened January 2009 to Present

Hotel Name Hotel Type Rooms Address Neighborhood Opened
The Standard New York Full-Service 335 848 Washington Street Greenwich Village Jan 2009
Hilton Garden Inn Tribeca Select-Service 150 6 York Street Tribeca Jan 2009
Hotel Reserve Select-Service 116 20 Maiden Lane Financial District Jan 2009
Ace Hotel New York Full-Service 262 20 West 29th Street Chelsea Mar 2009
Fairfield Inn Manhattan/Times Square Limited-Service 244 330 West 40th Street Midtown West Mar 2009
Hilton Garden Inn - West 35th Street Select-Service 298 63 West 35th Street Garment District Mar 2009
Smyth Tribeca - A Thompson Hotel Boutique 100 85 West Broadway Tribeca Mar 2009
West 57th Street by Hilton Club Timeshare 161 102 West 57th Street Midtown West May 2009
Four Points by Sheraton Midtown Select-Service 244 326 West 40th Street Midtown West Jun 2009
Comfort Inn Manhattan Bridge Limited-Service 60 61-63 Chrystie Street Nolita Jun 2009
Hampton Inn Times Square South Limited-Service 184 337 West 39th Street Garment District Jul 2009
Holiday Inn Express Times Square Limited-Service 210 343 West 39th Street Garment District Jul 2009
Candlewood Suites Times Square Extended Stay 188 339 West 39th Street Garment District Jul 2009
Hotel Indigo Chelsea Select-Service 122 127 West 28th Street Chelsea Jul 2009
Doubletree New York - Chelsea Full-Service 237 128 West 29th Street Chelsea Jul 2009
Comfort Inn Midtown West Limited-Service 70 343 West 44th Street Midtown West Aug 2009
Ink48, a Kimpton Hotel Full-Service 222 653 11th Avenue Midtown West Sep 2009
Crosby Street Hotel Boutique 86 79 Crosby Street SoHo Oct 2009
Club Quarters World Trade Center Full-Service 421 140 Washington Street Financial District Nov 2009
The Strand Hotel Full-Service 177 33 West 37th Street Garment District Dec 2009
Fairfield Inn & Suites Manhattan Limited-Service 92 21 West 37th Street Garment District Dec 2009
Andaz New York - Wall Street Hotel + Condo 253 75 Wall Street Financial District Jan 2010
W NY-Downtown Hotel & Residences Hotel + Condo 217 123 Washington Street Financial District Feb 2010
The Distrikt Hotel - Ascend Collection Select-Service 155 342 West 40th Street Midtown West Feb 2010


Hotels Opening Early/Mid 2010


Hotel Name Hotel Type Rooms Address Neighborhood Opening
Trump Soho Condo-Hotel Condo-Hotel 391 246 Spring Street SoHo Apr 2010
Staybridge Suites Times Square Limited-Service 310 334 West 40th Street Midtown West Apr 2010
Fashion 26 - A Wyndham Hotel Full-Service 280 152 West 26th Street Chelsea Apr 2010
Comfort Inn Lower East Side Limited-Service 32 136 Ludlow Lower East Side May 2010
Andaz New York - Fifth Avenue Full-Service 184 485 Fifth Avenue Murray Hill Q2 2010
Hotel Eventi Full-Service 287 839 Ave. of the Americas Chelsea Q2 2010
The Chatwal New York Boutique 88 128-130 West 44th Street Midtown West Q2 2010
Fairfield Inn Manhattan / Chelsea Limited-Service 105 116 West 28th Street Chelsea Mid 2010
Mondrian SoHo Full-Service 270 150 Lafayette Street SoHo Mid 2010
48 Lex Extended Stay 124 517 Lexington Avenue Midtown East Mid 2010
Holiday Inn Express Lower Manhattan Limited-Service 126 126 Water Street Financial District Mid 2010
Cassa NY Hotel & Residence Hotel + Condo 166 66 West 45th Street Midtown West Mid 2010
The Nolitan Boutique 55 30 Kenmare Street Nolita Mid 2010
Dream Downtown Full-Service 316 346 West 17th Street Chelsea Mid 2010
James New York SoHo Boutique 114 27-31 Grand Street SoHo Mid 2010
Wyndham Garden - Nolita Select-Service 106 93 Bowery Nolita Mid 2010

To request a free trial subscription to Lodging Development Group's Weekly Development Report, visit www.LodgingDevelopment.com. For additional information contact Vickie Hudspeth at [email protected].
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For more information, contact:

Lodging Development Group
www.LodgingDevelopment.com 

Vickie Hudspeth
 [email protected]
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