Hotelier Predicts 'A Lot of Pain' From Room Boom

Today’s New York Sun examines the potential side-effects of the city’s ongoing hotel boom.

Between 13,000 to 18,000 new and renovated rooms are expected in the coming years, which sounds great for consumers but some proprietors aren’t so stoked.

Hotelier Richard Born, who is quoted at length, foresees a lot of doom Read More

Pritzker Winner Announced


Paulo Mendes da Rocha.

Last year an American won for the first time in nearly fifteen years, but this year’s Pritzker Architecture Prize was awarded to a Brazilian, Paulo Mendes da Rocha. All the excessive details here, and some images of his work.

How long before he ends up Read More

The $60 M. Co-op

As residential prices continued to soar in 2005, developers hungry for new product opened up a new frontier: Manhattan’s iconic, old-school hotels.

But not every grand hotel would do. And, as always, location proved to be the driving force.

Although the Algonquin was sold last September, high-end buyers were unlikely to picture themselves basking Read More

West Village Gets Big

This morning, the Department of City Planning had a standing-room-only crowd at its public hearing to discuss the proposed rezoning of the Far West Village. The drive to down-zone this stretch of Manhattan, an irregular plot of land west of Greenwich Street between Horatio and Morton streets, has been spearheaded by the Greenwich
Village Read More

When the Going Gets Tough, Hoteliers Go Residential

Meet the latest real-estate victim of the post–Sept. 11 downturn: the proposed Ian Schrager hotel at 32-40 Bond Street in Noho. The $60 million project, funded by Bond Street Hotel L.L.C.-a partnership between Mr. Schrager’s company, Ian Schrager Hotels, and hotel power players Richard Born and Ira Drucker-has been scrapped in favor of a 14-story, Read More

Manhattan Community Boards

Despite Troubled Climate, Hotelier Goes Forward With Chelsea Plan

On the evening of Feb. 6, hotelier Richard Born sat on the scuffed wooden stage of an auditorium in Chelsea holding a microphone. Looking tan and relaxed in a dark gray suit and black turtleneck, the man behind the Mercer and Chambers hotels let his Read More