The Reel

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A blog for breaking sales and neighborhood real estate news.

In 2014, New York City is expected to see 55.8 million visitors, an increase of 2.8% from 2013.  By the end of the year, the city is expected to have 102,000 rooms, with an additional 14,049 rooms under construction.  The number of rooms represents a 6.7% increase from 2013, while the rooms under construction has increased by 26.1% from last year.

Downtown has seen one of the largest increases in hotel development, with 17 hotels and 2,571 rooms underway.