Arlo Hotels is set to open a high-end 489-room property close to Hudson Yards in the spring. Other new hotels — including the 74-room Brooklyn Vybe Hotel and 33-room Baltic Hotel in Brooklyn and the 114-room ModernHaus SoHo — have already opened, according to the Journal.
The hotel openings can be seen as a sign of optimism for the city, but the de Blasio administration is looking to add a political hurdle to hotel development — a proposal his own staff has warned could cost the city $7 billion in revenue through 2035.
Occupancy is still terrible. In New York, despite many hotels taking rooms off the market by closing temporarily or permanently, occupancy was just 53.8 percent for the week ended May 1, below the national average of 57.1 percent. The city’s hotel occupancy was 89.8 percent for the same week in 2019.