Two of the hotels (Hyatt Place and the "boutique hotel") will open in Spring 2012, while the Holiday Inn Express isn't scheduled until the following Spring. In the meantime, Hyatt had been reporting the opening of a separate Hyatt Place on East 52nd St at some point in 2011, though we haven't heard another word since.
Just to put the site into its proper context, some of the hotels in close proximity to the block include: The Strand NYC, Hampton Inn Empire State Building, and Ian Schrager's baby, the Morgans Hotel. Not to mention Setai Fifth Avenue, which sits literally at the end of the block.
The other week, MSNBC was getting all excited about New York's supposed "hotel room boom," inserting a quote from NYC & Co's Chris Heywood about the official room count for 2010 and 2011:
"As of August, our inventory count was 88,144 rooms and we have approximately 2,000 rooms in the pipeline for the remainder of 2011. We expect to reach 90,000 rooms by year end."
But are deals still to be found? With all the mid-range hotels going up in this city—and it is important to distinguish them from the more expensive boutiques—will a $99 room become more common or more scarce?
What are your thoughts on the midtown hotel boom? Like it? Scared of it? Let us know your thoughts below!