Not that the Jade has been without problems of its own. Last month, we tried to clear up a bit of confusion surrounding the hotel's identity, as we found one website calling it a Jade, while another had it as a Gem. Luckily, that all seems to be behind us for good, with the NY Times confirming its opening, and even offering a few extra details about the hotel: namely, "Macassar ebony wood and marble" in the rooms and the speakeasy-inspired Grapevine restaurant which will open inside the hotel. We're certainly excited to take a look around!
Interestingly, the NY Times piece that mentions the Jade is in fact a broader profile on the current "boom" happening in the New York hotel scene. The article states:
"Supply is projected to increase by 3.5 percent in 2012 and 4.1 percent in 2013. From 2005 to 2010, hotel room supply grew by 16.2 percent, for an average of only 3.24 percent annually."
Which, in layman's terms, is roughly the equivalent to: a crap ton of hotels are opening in New York right now. And the trend looks set to continue for a while, with Andrew Zobler, CEO of the Sydell Group (responsible for the Ace New York and the NoMad) being quoted as saying:
"For the long term, New York is a great hotel market. Generally, it’s very hard to be a developer and not be optimistic."
[Photo: Angel Franco / NY Times]