New hotel for West 37th Street parking lot site

NYHTC — September 14, 2011

According to an article in the Wall Street Journal, a 300-room hotel will be going up on West 37th Street in midtown Manhattan. The site to be developed, a parking lot, is between 8th and 9th Avenues. The article described the current New York City hotel market as being "particularly alluring for developers" since tourism, business travel, and hotel room rates have all been on the rise.

As in numerous other parts of Manhattan, Brooklyn, and Queens, the area in which this new hotel will be located is already home to a significant number of hotels. Many of them are themselves new to the area, products of the ongoing New York City hotel development boom that has considerably expanded the number of rooms citywide.

Each new hotel that opens is evidence of the city's appeal for tourists and business travelers alike. NYHTC members must also bear in mind that each non-union hotel undermines our union density, and, collectively, they have the potential to undermine our power. Keep this from happening by doing your part and responding when the union calls for volunteers to help in organizing drives.

Wotapka, Dawn. Parking Lot Sells For $21 Million. Wall Street Journal. August 15, 2011.