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A blog for breaking sales and neighborhood real estate news.

By, Andrew Posil, Massey Knakal Realty Services

Through the first half of 2014, Brooklyn’s hotel market exhibited strong  performance  despite  growth  in  supply.   Market-wide  ADR has increased to record levels and occupancy remains well above the  national  average.  Brooklyn’s  hotels  leverage  the  high  urban density and growing business and leisure travel to the Borough. An increasing percentage of New York’s (over) 55 million visitors are making the choice to stay in Brooklyn hotels, a fi gure that is likely to continue as the Borough continues to develop world-wide appeal for all types of travelers. As a result, hotel investors and developers have a keen eye on Brooklyn.

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