The New York submarkets with the most projects presently underway include what Lodging Econometrics calls “the New York City area,” which comprises Brooklyn East, the Bronx and Staten Island with 16 projects, or 1,261 rooms; Midtown South with seven projects, or 1,515 rooms; and the John F. Kennedy International Airport/Jamaica area with seven projects, or 851 rooms.
The submarkets with the highest total hotel construction pipelines in Q1 were the New York City area with 25 projects, or 2,096 rooms; the Midtown South area with 11 projects, or 2,535 rooms; and the Midtown West/Times Square area with 10 projects, or 4,131 rooms.
