The return of the hotels — or not

With the pandemic far from over, the neighborhood’s hotels are hurting — and that includes the hotels that were under construction. There must be some opportunity costs here for that cluster — it can be a good time to be under construction when you couldn’t be making money anyway — but it seems to nonetheless had the effect of slowing things down. The Downtown Alliance counts 37 hotels south of Murray; 27 are open right now.

Some experts are predicting that one fifth of the city’s hotels will close permanently before all this is over. The Journal reported that the Hilton Times Square has closed permanently, and the Times Square Edition hotel might close (it is not taking reservations) now along with the Blakely New York. Occupancy rates are hovering just below 40 percent right now, and last year at this time we were at 95 percent, according to The Real Deal. Nationwide numbers are now above 50 percent.

By my count we have three hotels under construction in Tribeca proper, and all three seem to be silent right now:

  • Warren Street Hotel at 86 Warren
  • 21 Park Place (the former Tent & Trails)
  • Hotel Barriere Le Fouquet at 456 Washington

As for hotels that are already in operation, here is the rundown as I know it, starting with Tribeca and dipping into a Fidi a bit. There are so many hotels down there I did not include them all, but send updates if you have them and I will add:

THE ROXY
The Roxy reopened in July and with it, an expansive outdoor seating set up that seems to have gotten even bigger in the last few weeks.

AKA TRIBECA
Still no word here on the reopening of the hotel or Little Park, which is part of Noho Hospitality Group along with Locanda Verde, but uses the hotel’s facilities. Both have gotten back to me, but have no updates to share.

THE FREDERICK HOTEL
The Frederick (yes, I purchased a bathrobe and slippers when they opened, just for fun) will open on Oct. 1 and when I searched there were rooms for $119 during the week, if you need to get out of the house. Really.

THE GREENWICH HOTEL
The Greenwich Hotel opened on July 1 and Locanda Verde started up not long after and is now open every day for both lunch and dinner outdoors on its elaborate curbside patio. The Shibui Spa is now open as well from Thursday to Monday. The gym is available to hotel guests on a limited basis, but the pool is still closed.

FOUR SEASONS HOTEL – NEW YORK DOWNTOWN
This summer, the Four Seasons announced it would open Sept. 14; it is still closed but accepting reservations for stays after Nov. 19. CUT by Wolfgang Puck is open for outdoor dining and takeout from 5 to 9:30p Tuesday through Saturday. The spa is now open to outside guests. All their policies on masks and openings are being enforced globally. (I heard from neighbors that the public courtyard had some closings this spring, but seems to be back in action.)

THE BEEKMAN HOTEL
While Keith McNally closed the wonderful Augustine restaurant at The Beekman, the hotel itself is open, with rooms being booked with 24 hours time left vacant between guests. Temple Court and Temple Court on Ten have reopened.

W NEW YORK – DOWNTOWN
The Marriott W Hotel on Albany is closing, according to the hotel’s owners. (I saw the story in New York Business Journal.) “Starwood Hotels and Resorts Worldwide filed notice with the New York State Department of Labor that the hotel, located at 8 Albany St., won’t reopen, and 134 employees will be permanently laid off on Oct. 13, due to ‘unforeseeable business circumstances prompted by Covid-19.'”

MORE RECENT CLOSURES:

  • AKA Wall Street at Maiden Lane and William
  • The Assemblage on John Street
  • Suites by Sonder on Wall Street
 

4 Comments

  1. The construction at 456 Greenwich is active. I just walked by the site and saw about a dozen workers with large equipment going in the subgrade areas. The owner also announced progress a few weeks ago.

    https://www.globenewswire.com/news-release/2020/09/08/2089879/0/en/DPW-Holdings-Announces-Construction-Progress-on-Luxury-Hotel-in-Tribeca.html

  2. The Beekman is open! Why does the Tribeca citizen forget about this iconic hotel! It is by far, one of the best in NYC

  3. 20% of hotels disappearing feels high.

    Many Manhattan hotels are built in areas zoned for manufacturing, where hotel is the only legal residential use. Others are built on leased land, meaning no condos permitted generally, usually just rentals and co-ops even in residential zones. BPC and Roosevelt Island are exceptions enshrined specifically by name in the law.

    There are also recently increasing hurdles to obtain City permission to open new hotels I understand.

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