Yes, thuylan, I very much want to see Viet Nam. I imagine the perfect way would be to arrive by sea from across the Pacific Ocean. And then spend about one month traveling north through the countryside and along the coast.
Feel free to talk to me and any of us here. Perhaps can start a newethread and post photos of where you live or other pictures of Viet Nam.
WOW I stayed in the Milford Plaza in 02 on my first trip here, hotel is fine enough for the price and is a great location for a tourist. Cant believe how good it looks with that clean!!
has anyone ever stayed at (or know someone who has) the Hotel Chandler in Midtown before ? If so any ideas what it's like ? Im due to stay there over xmas and jut wanted to know what to expect. it got a fairly good review on expedia and tripadvisor so im hoping it should be nice
Square Feet | Checking In
A City That Needs More Places to Sleep
Suzanne DeChillo/The New York Times
About two dozen hotels are expected to open in Manhattan this year, including the Greenwich Hotel, left, and the Thompson LES, right.
By C. J. HUGHES
Published: January 20, 2008
NEW hotel developments could add nearly 3,000 rooms to the Manhattan market in 2008, a supply increase that might siphon travelers away from existing properties just as economists are forecasting an economic slowdown, or even a recession.
Suzanne DeChillo/The New York Times
The Vu Hotel is being built in a former printing plant.
Rates for rooms will start at $400 a night.
But hotel owners, developers, brokers and consultants are almost uniformly shrugging off any doom-and-gloom ideas about the year ahead. The market, they agree, remains underserved, with hundreds of hotel rooms lost to recent condominium conversions in recent years.
“It’s a nice place to live, but it’s a lousy place to visit,” said Thomas McConnell, a senior managing director at Cushman & Wakefield, the real estate services firm, referring to Manhattan’s number of hotel rooms. Even 10,000 new rooms “wouldn’t wreck things,” he added. “It would normalize them,” he said, “because we’re undersupplied.”
According to industrywide estimates, Manhattan room rates are expected to rise by an average of 8 percent over last year, to around $320 a night, while per-room revenue is expected to grow 7 percent, on average. (In 2007, revenue jumped by a record 15 percent, according to PKF Consulting.)
Industry analysts say demand for the hotels opening this year will continue to come from European travelers who are taking advantage of favorable currency exchange rates. At the same time, analysts are also expecting that more American tourists will choose New York over European destinations like Paris, also because of the weak dollar.
Many of the nearly two dozen expected hotels in Manhattan — some new construction, some the renovation of existing buildings — will abut residential neighborhoods, while others will be in areas that historically have had few available accommodations.
Some of these areas, freshly scrubbed and revitalized, are emerging as trendy, like the Bowery, where the new 21-story Cooper Square Hotel is expected to open this summer. The $100 million project will include three bars, a restaurant and a small park. There will be 145 rooms, with 315 to 700 square feet each, according to Matthew Moss, a principal of the Peck Moss Hotel Group, its New York-based developer. Room rates have not been set, he said.
A few blocks to the southeast, on Allen Street on the Lower East Side, comes another gleaming high-rise hotel, Thompson LES. The $80 million, 21-story tower is expected to open in March, according to Michael Pomeranc, the developer. Its 170 rooms, measuring 350 to 1,700 square feet, will start at $300 a night, he said.
In TriBeCa, the Greenwich Hotel, from the actor Robert De Niro, will offer 88 rooms in a brick-faced building at North Moore and Greenwich Streets.
Midtown Manhattan will have several hotels coming on line as well. In August, there will be three from McSam Hotel LLC on West 39th Street: a Holiday Inn Express, with 210 rooms; a Candlewood Suites, with 188 rooms; and a Hampton Inn, with 186 rooms, according to Beth Loetterle, a spokeswoman for McSam Hotel, which is based in Great Neck on Long Island. The company is also developing a 113-room Wyndham Garden hotel, at 20 Maiden Lane in Lower Manhattan that is scheduled to open by April, she said.
Also this year, the refurbished Plaza Hotel near Central Park is set to open. Although most of its 460 rooms will be sold as apartments, this 19-story structure will also offer 130 traditional hotel suites, to be run by Fairmont Hotels and Resorts.
And in October, Hyatt Hotels will introduce its Andaz line at 75 Wall Street in the financial district, offering 250 rooms in a converted office tower, according to Ben Hakminian, a principal of the Hakminian Organization, its developer.
Taken together, these properties will add only about 3,000 rooms — a drop in the bucket in terms of supply in Manhattan, which has about 65,000 rooms, said John A. Fox, a senior vice president at PKF Consulting, whose clients include developers.
Overall occupancy rates have hovered around 85 percent for the last few years, versus around 65 percent nationwide, Mr. Fox said; the high rate suggests that many guests are often turned away. He added that it would take about 10,000 additional rooms in a short period to balance the supply-and-demand equation. (About 46 million people visited New York City last year, about 6 percent more than in 2006, according to the city’s tourism agency.)
It typically takes about three and a half years for a new hotel to move from conception to ribbon-cutting, and hotel developers can be known for changing their minds about how to most profitably use a property.
“A lot of hotels are announced and not all are built,” Mr. Fox said. “Many are gleams in the eyes of developers.”
But then again, the pendulum could swing the other way. In the late 1980s, for example, Times Square sites that now house the Doubletree Guest Suites, the Crowne Plaza and the Renaissance New York were initially considered for offices, according to Mr. McConnell at Cushman & Wakefield.
What also fluctuates is the availability of financing; in the early part of this decade, hotel developers “were at the bottom of the food chain,” Mr. Fox said. He said that banks had considered hotels to be too risky, preferring instead to lend money for residential developments, which have long-term leases.
ALTHOUGH the current credit crisis has dealt a blow to some developers, analysts said they knew of no hotel projects in New York City that have been scuttled outright. Still, locking in loans for future projects has become trickier, said Michael Yanko, the chief executive of Horizen Global, a developer based in New York.
His Zuri, a 178-room hotel that is expected to break ground this spring on West 23rd Street in the Flatiron District, had to turn to European banks to underwrite the $135 million project after many American investors balked, Mr. Yanko said. To be designed by the architect Carlos Zapata, who also designed the Cooper Square Hotel, the 24-story structure will have a 40-foot-long glass-bottomed Jacuzzi cantilevered over the sidewalk, he added.
In the meantime, Horizen is focused on completing its Vu Hotel, inside a 17-story converted former printing plant at 11th Avenue and West 48th Street, to be run by the Kimpton hotel chain with rates starting at $400 a night, Mr. Yanko said. The $140 million project is to open in June.
Mr. Yanko dismisses any concerns about a recession this year, thanks to the steady influx of foreign visitors. “The whole world will be able to afford to come here then,” he said.
Copyright 2008 The New York Times Company
This question is regarding the Greenwich Hotel, mentioned above. Does anyone have an idea how much this hotel will cost a night? And also from looking at the name, it's going to be in the Greenwich Village, correct?
oh boy,$250 per night!!wow,that's suppoe to be the NYC price, hoho.
some friends in the states they always invited me to visit US,i was thinking if i earned my money in china and spend in US that's not wise.and now i know i was right.in my city,chungking china,Marriot or Hilton or Sheraton or some nice hotels cost $100 left or right per night,if it's the off season,like this month,it could be $50 per night arround.
well i change my mind now,i think i'll take a business tour to US but not as a tourist.that means my boss will pay.
Last edited by LEGEND-K; January 23rd, 2008 at 02:43 AM.
I just found this site, and this is actually my first post. It seems like a cool place to hang out, although I do need some assistance.
I'm headin' up to Boston and New York in late-March for a much-needed vacation and to decide which city I want to live in when I move late this year or early next. I've booked everything except for my hotel in NYC.
Can anybody recommend one that's good and doesn't go above $150 a night? Ideally, I'm looking at $130 tops. Crazy, I know. $150-180 is stretching it for me.
I've been looking at the Pan American Hotel on Queens Boulevard. It looks like a good choice, but I didn't want to book it without checking with you guys first.