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Reply to "Hotels In NYC"

The one 'industry' where prices absolutely always go up in NY is the hotel sector. So all these big chains are buying up what are actually tiny lots in Chelsea and putting up 25 story franchises that they 'flag' (hotel industry lingo) as one of their sub-brands. On 25th around the corner from the new Holiday Inn there is a similar spin-off by Hyatt, I think it is. A lot of these properties end up being where the larger branches in midtown 'walk' their guests when they are overbooked, which is a common practice. The empty lot on 26 nearer to 7th is going to be a hotel that will force the trade union-owned 275 Seventh Ave. building to lower rents for all tennants who have east-facing offices because now all of those offices will have their windows bricked up because the hotel will be right up against them. With the average room rate now closer to $300 and above and with millions more Europeans than just a year ago flooding NYC because of the dead US dollar there is a scramble by hoteliers to build.
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