Funding Hotels

Reservation System SevenRooms Scores $50 Million

NEW YORK – SevenRooms, which operates a reservation management system for restaurants and hotels, has raised a $50 million Series B funding round led by Providence Strategic Growth (“PSG”). This latest funding will support SevenRooms’ continued global expansion and enable the company to further enhance the industry’s only end-to-end guest experience platform focused on helping […]


NY Hilton Temporarily Closes

The New York Hilton Midtown Hotel has temporarily closed due to the collapse in visitors in the city due to Coronavirus. The hotel is not taking any reservations and did not say how long it would close. Several other hotels in NY may also close soon as well. Hotel tracking firm STR reported that NYC […]


Renaissance Opens New Hotel in Chelsea

NEW YORK — Renaissance, a Marriott brand, has opened its third hotel in Manhattan this week with the Renaissance New York Chelsea Hotel located at 112 W. 25th Street. With 39 floors and 430 feet high, the hotel is one of the tallest buildings in the Chelsea neighborhood and also features one of the highest […]


Luxury Conrad Hotel Debuts in Midtown

NEW YORK — Hotel giant Hilton Inc. has opened its second Conrad Hotels & Resorts in NYC in Midtown, formerly the London NYC Hotel. With nightly rates averaging $550 per night, the 54-floor, 562-suite Conrad New York Midtown, this is the 35th Conrad hotel and the brand’s second New York City property. It is located […]


Moxy Hotel Opens in Chelsea With Flower Garden

Rising 35 stories high into the New York City skyline, the Moxy NYC Chelsea hotel has opened its doors this month. Located at 105 W 28th Street (at 6th Avenue), the micro-room hotel was developed by Lightstone and is inspired by the surrounding Flower District. This is the third Moxy hotel to open in NYC, […]


Aliz Hotel Opens Near Times Square

Photo: The fabulous lounge on the 40th floor of the new Aliz Hotel. (Andres Escobar) NEW YORK –  The Aliz Hotel Times Square has opened it doors this month debuting as one of the tallest hotels in NYC. Developed by Aliz Group and managed by Crescent Hotels & Resorts, the new property is located at […]


Dual-Hilton Brand Hotel Opens in Albany

ALBANY – A new dual-branded hotel featuring Homewood Suites and Tru by Hilton opened this month at Crossgates Mall in Albany. The hotel was built by Pyramid Management Group, owner of Crossgates and 17 other malls in the Northeast. The 192-room property is the first dual-branded Homewood Suites and Tru by Hilton in the country […]


Pendry to Build First NY Hotel

Pendry Hotels, in collaboration with Brookfield Properties, will build its first New York City hotel at Manhattan West – an eight-acre, six-building mixed-use development located in Manhattan’s Hudson Yards district. The hotel won’t open until 2021. Pendry Manhattan West will feature 164 guestrooms including 30 suites; a signature restaurant; a lounge and vibrant open-air terrace […]


Westgate Buys Former Hilton Hotel on East Side

Westgate Resorts has acquired the former Hilton New York Grand Central, a 23-floor, 300-room, two-tower hotel located in the historic Tudor City neighborhood in Midtown Manhattan’s East Side. The hotel has been rebranded Westgate New York City. “It is with great excitement that I announce Westgate has purchased its first urban hotel located in none other […]


Margaritaville to Build Hotel in Times Square

Margaritaville Holdings, the global brand synonymous with fun and escapism, plans to build the first Margaritaville Hotel and Resort in New York City. The new hotel will be located in Times Square at 560 Seventh Avenue, just blocks away from the bright lights of the entertainment district and New York’s most popular attractions. The 234-room, […]