Relevant:
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- Hotel Hell - Luxury Hotels Foreclosed
- At Microhotels, the Price Is Right and the Space Is Tight (HOTEL AUSTERITY ARRIVES STATESIDE!!)
2011-10-24 — bloomberg.com
``Increased competition for purchases has led developers to plan the opening of about 50 new hotels this year through 2013 in New York, more than triple the number in Washington, the next-busiest U.S. city for construction, according to hotel- consulting firm Lodging Econometrics. Sixty-eight more are set for completion in 2014 and after. ''
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