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		<title>NYC doesn&#8217;t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders</title>
		<link>https://www.ourstoryinsight.com/nyc-doesnt-have-enough-hotel-rooms-for-fifa-world-cup-must-suspend-airbnb-restrictions-business-leaders/</link>
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		<pubDate>Sun, 08 Mar 2026 00:46:48 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=13749</guid>

					<description><![CDATA[<p>New York City doesn’t have enough hotel rooms for hordes of visitors coming to this summer’s FIFA World Cup and should suspend the current restrictions on Airbnb and other short-term rental platforms, business leaders told Mayor Zohran Mamdani and City Council Speaker Julie Menin on Friday. Groups including the Partnership for New York City and [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/nyc-doesnt-have-enough-hotel-rooms-for-fifa-world-cup-must-suspend-airbnb-restrictions-business-leaders/">NYC doesn&#8217;t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>New York City doesn’t have enough hotel rooms for hordes of visitors coming to this summer’s FIFA World Cup and should suspend the current restrictions on Airbnb and other short-term rental platforms, business leaders told Mayor Zohran Mamdani and City Council Speaker Julie Menin on Friday.</p>
<p>Groups including the Partnership for New York City and chambers of commerce for all five boroughs say the city must pause its short-term rental laws from June 1 to July 31 so more people can stay in the Big Apple during the games — along with celebrations for the country’s 250th anniversary and Fleet Week.</p>
<p>FIFA World Cup games will be played at MetLife stadium in July. <span class="credit">Getty Images</span></p>
<p>The groups said throngs of visitors expected to come for the special events won’t be able to land bookings at the city’s roughly 135,000 hotel rooms, where “occupancy already hovers near 97%.”</p>
<p>“Without additional capacity, hotel prices will surge beyond the reach of working families, spending will leak to New Jersey and the suburbs, and neighborhoods hosting events across the outer boroughs — where only 20% of hotel rooms are located — will see visitors but capture none of the overnight economic impact,” states a letter the business groups wrote the elected.</p>
<p>“New York will project to the world that it cannot manage the logistics of hospitality at the very moment it is hosting the planet’s biggest stage.”</p>
<p>The mayor’s office did not comment on the letter but said the administration will meet with business leaders next week to hear out their concerns ahead of the World Cup.</p>
<p>Menin did not immediately answer requests for comment.</p>
<p>While home-sharing apps are not technically banned in New York City, the business leaders noted “almost nobody uses them because city laws say the owner has to stay in the apartment with you.” </p>
<p>The 2023 short term rental law – aimed at stays of less than 30 days – decimated Airbnb and the rest of the short-term rental market in New York City. </p>
<p>It limits the number of guests per booking to two and requires hosts to register with the city or face hefty fines.</p>
<p>Airbnb has spent millions on lobbying efforts to overturn or loosen the regulations. The San Francisco-based company blames the Hotel Association of New York City and the powerful hotel union for the stringent rules.</p>
<p>The law’s backers have said home-sharing apps like Airbnb made homes less affordable by taking units off the market.</p>
<p>Mamdani and Menin announce the opening of a new school in Manhattan last month. <span class="credit">Matthew McDermott for NY Post</span></p>
<p>The Manhattan Chamber of Commerce launched a digital campaign and petition to drive support for a temporary reprieve for short-term rentals.</p>
<p> “Act Now, NYC! Or our sales will go to New Jersey this summer,” the group warns.</p>
<p>Airbnb’s market share in New York City has plummeted since Local Law 18 was enacted in 2023. <span class="credit">AP</span></p>
<p>About 1.2 million visitors are expected to converge on the region for eight World Cup games at MetLife Stadium, the letter states.</p>
<p>Another 6 million visitors are expected for events around the 250th anniversary of the country, with which Fleet Week will coincide this year.</p>
<p>But there’s plenty of space, according to Vijay Dandapani, chief executive of the Hotel Association of New York City, who said claims of too few hotel rooms are an “absolute falsity and a red herring.”</p>
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<p>“The letter is untethered to any facts and is a propaganda piece put out by Airbnb with the chambers carrying their water,” he told The Post.</p>
<p>FIFA has actually been “canceling room blocks” in New York City because there is not enough demand, he added.</p>
<p>FIFA did not immediately answer a request for comment.</p>
<p>Airbnb is a member of the Manhattan Chamber of Commerce, whose chief executive Jessica Walker testified at the City Council last week. </p>
<p>The Hotel Association for New York City says there enough hotel rooms to meet tourist demand this summer. <span class="credit">RightFramePhotoVideo – stock.adobe.com</span></p>
<p>“We are recommending a narrowly tailored suspension of the short-term rental ban for the World Cup window,” she said. “This costs the city nothing, while preventing the loss of hundreds of millions of dollars from leaking out of the city.”</p>
<p>Walker told The Post, “People see this is as a reasonable request that is meant to be temporary and have guardrails,” adding that “it’s clear who who we represent: small businesses.”</p>
<p>New Orleans, Kansas City, several southern California cities and other locales have changed their short-term rental restrictions in order to accommodate major events, the new letter stated.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/nyc-doesnt-have-enough-hotel-rooms-for-fifa-world-cup-must-suspend-airbnb-restrictions-business-leaders/">NYC doesn&#8217;t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Exclusive &#124; As NYC’s historic Roosevelt Hotel site sits in limbo, Morgan Stanley team poised to become new financial adviser: sources</title>
		<link>https://www.ourstoryinsight.com/exclusive-as-nycs-historic-roosevelt-hotel-site-sits-in-limbo-morgan-stanley-team-poised-to-become-new-financial-adviser-sources/</link>
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		<pubDate>Tue, 25 Nov 2025 01:05:59 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=11074</guid>

					<description><![CDATA[<p>A Morgan Stanley-backed group appears to have the inside track to become the new financial adviser to Pakistan International Airlines, or PIA, as it decides what to do with the precious Roosevelt Hotel site in Midtown East, sources told The Post on Monday. The consortium would replace JLL, which checked out of the role last [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/exclusive-as-nycs-historic-roosevelt-hotel-site-sits-in-limbo-morgan-stanley-team-poised-to-become-new-financial-adviser-sources/">Exclusive | As NYC’s historic Roosevelt Hotel site sits in limbo, Morgan Stanley team poised to become new financial adviser: sources</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A Morgan Stanley-backed group appears to have the inside track to become the new financial adviser to Pakistan International Airlines, or PIA, as it decides what to do with the precious Roosevelt Hotel site in Midtown East, sources told The Post on Monday.</p>
<p>The consortium would replace JLL, which checked out of the role last summer.</p>
<p>PIA, which answers to the Pakistani government, was recently reported by Saudi Arabia-based daily Arab News to be weighing proposals from seven potential groups to advise on the Roosevelt’s future and to facilitate any deal. The Morgan Stanley team would include CBRE, Manhattan’s most prolific commercial brokerage. </p>
<p>The future of the precious Roosevelt Hotel site — which might be worth more than $1 billion —  is in limbo again. <span class="credit">Robert Miller</span></p>
<p>Nothing about PIA’s plans could immediately be confirmed.</p>
<p>One source cautioned, “The Roosevelt owners have played with one scenario after another for at least 10 years and never did anything.”</p>
<p>A JLL team headed by the firm’s regional CEO Peter Riguardi resigned from the account last summer. A Pakistani government agency attributed JLL’s move to its wish to avoid any “perceived or actual conflict of interest,” as the firm represents several clients said to be interested in the site.</p>
<p>Since then, PIA has not announced a new financial adviser, a role that would include essentially brokering an outright sale of the site or a partial sale with a development partner. Arab News claimed that PIA would “fast-track” choosing a new adviser this month.</p>
<p>But one skeptical, prominent Manhattan investment-sales dealmaker said, “Who knows? It’s been a colossal waste of time, mostly because the property is tied to the government of Pakistan and their military leaders which turn over pretty consistently.”</p>
<p>While JLL’s departure was attributed to potential for “conflict of interest,” it isn’t uncommon for major Manhattan brokerages to work both sides of a deal.</p>
<p>“It often helps to make a sale or a lease easier,” an insider said. “They put up a so-called ‘Chinese wall’ between the two negotiating teams and it generally holds up.”</p>
<p>A JLL team headed by the firm’s regional CEO Peter Riguardi resigned from the account last summer.  <span class="credit">Erik Thomas/NY Post</span></p>
<p>Nor is it unheard of for brokers to rep developers hoping to build in the same areas. Moreover, JLL’s client list — which includes both leading developers and tenants — was no secret to either the brokerage or to PIA when the airline tapped JLL in February 2024.</p>
<p>Riguardi declined to comment. Emails to PIA seeking comment weren’t returned.</p>
<p>As previously reported in The Post, Pakistan’s government needs the dough from a Roosevelt sale to help support a $7 billion bailout arrangement with the International Monetary Fund.</p>
<p>The Roosevelt site between Madison and Vanderbilt avenues and between East 44th and East 45th streets is one of Manhattan’s most valuable pieces of land, situated in an East Midtown corridor where prestigious tenants have flocked to new office developments near Grand Central Terminal.</p>
<p>Migrants at the Roosevelt Hotel in 2023. <span class="credit">James Messerschmidt for NY Post</span></p>
<p>The shuttered hotel lies amidst the new JP Morgan Chase headquarters tower at 270 Park Ave., a future Boston Properties (BXP) tower at 343 Madison Ave., and an unspecified SL Green development site on the former Brooks Brothers store at 346 Madison.</p>
<p>A new office tower at the Roosevelt site could have as much as 1.8 million square feet under Midtown zoning that allows large-size bonuses in exchange for significant pedestrian and transit improvements.</p>
<p>The 1,000-room Roosevelt Hotel has been vacant since the city in June terminated a contract with PIA to use it as a migrant shelter.</p>
<p>The 1,000-room Roosevelt Hotel has been vacant since the city in June terminated a contract with PIA to use it as a migrant shelter. <span class="credit">Matthew McDermott</span></p>
<p>PIA has repeatedly changed its mind about what to do with the property since it took control in 2000. It was reported at different times that the airline would pursue an outright sale or seek a majority or minority development partner.</p>
<p>In the latest twist, Pakistan privatization official Muhammad Ali told Arab News earlier this month the building might not be demolished anytime soon, but would reopen as a hotel.</p>
<p>That suggestion drew laughs from Manhattan hotel experts who said reopening it  would take at least a year just to clean up the mess left behind by a year of migrant occupation.</p>
<p>“By that time, the markets for both offices and hotels might have changed,” one industry insider scoffed.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/exclusive-as-nycs-historic-roosevelt-hotel-site-sits-in-limbo-morgan-stanley-team-poised-to-become-new-financial-adviser-sources/">Exclusive | As NYC’s historic Roosevelt Hotel site sits in limbo, Morgan Stanley team poised to become new financial adviser: sources</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Developer Michael Shvo forced to sell Miami&#8217;s iconic Raleigh Hotel</title>
		<link>https://www.ourstoryinsight.com/developer-michael-shvo-forced-to-sell-miamis-iconic-raleigh-hotel/</link>
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		<pubDate>Fri, 17 Oct 2025 22:56:32 +0000</pubDate>
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					<description><![CDATA[<p>Michael Shvo, the once-high-flying New York developer, crashed to Earth on glam South Beach, Miami, boulevard Collins Avenue. Shvo was forced to unload the iconic Raleigh Hotel to Nahla Capital for $270 million this month, Bloomberg first reported. The project was beset by slow condo sales, stalled construction and a looming, $190 million mortgage payment. [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/developer-michael-shvo-forced-to-sell-miamis-iconic-raleigh-hotel/">Developer Michael Shvo forced to sell Miami&#8217;s iconic Raleigh Hotel</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Michael Shvo, the once-high-flying New York developer, crashed to Earth on glam South Beach, Miami, boulevard Collins Avenue.</p>
<p>Shvo was forced to unload the iconic Raleigh Hotel to Nahla Capital for $270 million this month, Bloomberg first reported. The project was beset by slow condo sales, stalled construction and a looming, $190 million mortgage payment.</p>
<p>Shvo and his partners bought the site for $219 million in 2019, planning to spend $1 billion including the purchase price to restore the Raleigh to its original splendor and convert rooms to luxury condos. But the landmark property has been a derelict eyesore in the midst of Collins Avenue’s row of glamorous Art Deco hotels for years.</p>
<p>Developer Michael Shvo was forced to unload the iconic Raleigh Hotel in Miami to Nahla Capital for $270 million. <span class="credit">Jeffrey Greenberg/Universal Images Group via Getty Images</span></p>
<p>Manhattan-based Nahla’s portfolio includes the Rosewood Residents in Beverly Hills, 152 Elizabeth St. in NoLiTa and 1122 Madison Ave. The last is a ground-up condo tower at East 84th Street with 26 luxury units.</p>
<p>Shvo’s spokesman said he had “no comment at this time.”</p>
<p>Shvo has been a polarizing figure for decades. The dashing, Israeli-born entrepreneur was a rising star at residential brokerage Douglas Elliman in the early aughts, but a vicious feud with rival superbroker Dolly Lenz earned him the moniker of “the most loathed broker in New York” in New York Magazine. (Shvo later left the company).</p>
<p>Shvo’s charismatic personality charmed lenders but sometimes overwhelmed others. At a 2007 forum at Avery Fisher Hall, sponsored by the Real Deal, the moderator, who was this reporter, struggled to keep Shvo from talking over other participants such as Related Companies founder Stephen M. Ross and City Planning Commissioner Amanda Burden.</p>
<p>Shvo has been a polarizing figure for decades. He’s been stung by one setback after another in recent years. <span class="credit">Bloomberg via Getty Images</span></p>
<p>His career hit bottom in 2018 when he pled guilty to second- and third-degree criminal tax fraud charges involving art purchases and paid a $3.5 million fine to avoid prison time.</p>
<p>He later mounted an impressive comeback as a developer, though he’s been stung by one setback after another in recent years.</p>
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<p>His embattled company, called SHVO, sold off an office-development site on South Beach’s Alton Road earlier this year to avoid foreclosure.</p>
<p>The project was beset by slow condo sales, stalled construction and a looming, $190 million mortgage payment. <span class="credit">Fotoluminate LLC – stock.adobe.com</span></p>
<p>He and a partner, German pension fund BVK, are duking it out in court over numerous issues even as BVK is under scrutiny in its home country over its investments with Shvo.</p>
<p>He’s reportedly trying to sell off units at the Mandarin Oriental Residences Fifth Avenue, where only 19 of 65 apartments have been sold. One buyer sued Shvo over alleged construction defects in a $6 million unit and for allegedly using the rooftop pool as his “personal fiefdom.”</p>
<p>Last winter, he lost the Mandarin Oriental Residences in Beverly Hills to Centurion Investment Partners when he defaulted on a $200 million loan.</p>
<p>			<iframe loading="lazy" width="100%" height="50" src="https://embeds.nypost.com/protected-iframe/ae07a3726bec0fc91a840dddea9d294c" scrolling="auto" frameborder="0" class="" allow="camera; fullscreen;"><br />
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<p>Shvo is reportedly trying to sell off units at the Mandarin Oriental Residences Fifth Avenue, where only 19 of 65 apartments have been sold. <span class="credit">Mandarin Oriental Residences, Fi</span></p>
<p>In September, he took a hit in his bitter feud with Core Club founders Jennie and Dangene Enterprise when a Manhattan judge ruled that he could not evict the swanky club at 711 Fifth Ave. Shvo claimed the Enterprises were in default on rent payments, while they earlier accused him of a “sinister and fraudulent scheme” to renege on a promised investment and of botching the club’s Fifth Avenue launch.</p>
<p>Shvo can claim at least one current success: the Transamerica Pyramid in San Francisco, which his company bought for $650 million in 2020 and spent another $400 to repair and modernize. The project lured law firm Morgan Lewis, among other prestigious tenants from nearby buildings.</p>
<p>“I think over the next 12 months, this building will be totally full,” he told the San Francisco Standard.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/developer-michael-shvo-forced-to-sell-miamis-iconic-raleigh-hotel/">Developer Michael Shvo forced to sell Miami&#8217;s iconic Raleigh Hotel</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Major hotel chain faces backlash for allegedly outsourcing check-ins &#8212; to India</title>
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		<pubDate>Tue, 05 Aug 2025 18:38:32 +0000</pubDate>
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					<description><![CDATA[<p>A Miami hotel is facing backlash over a viral video that claims the front desk was staffed by an outsourced worker to welcome new guests during the check-in process. In the video, a guest who booked a stay at a La Quinta by Wyndham was welcomed by a tall screen displaying a virtual front-desk employee [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/major-hotel-chain-faces-backlash-for-allegedly-outsourcing-check-ins-to-india/">Major hotel chain faces backlash for allegedly outsourcing check-ins &#8212; to India</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A Miami hotel is facing backlash over a viral video that claims the front desk was staffed by an outsourced worker to welcome new guests during the check-in process.</p>
<p>In the video, a guest who booked a stay at a La Quinta by Wyndham was welcomed by a tall screen displaying a virtual front-desk employee — who allegedly was in India.</p>
<p>“Do you need one room key or two room key?” the worker can be heard asking in the video, which has more than 2 million views since being posted on Saturday.</p>
<p lang="en" dir="ltr">Miami hotel has outsourced their front desk to India. Guests are checked in virtually on video call with an Indian representative</p>
<p>More American jobs outsourced overseas. At some point this should just become illegal. If you make money in America, you should hire Americans pic.twitter.com/la8FJZHym3</p>
<p>— Wall Street Apes (@WallStreetApes) August 2, 2025</p>
<p>The guest replies: “Two, just in case I lose one.”</p>
<p>The hotel customer then signs a form on the screen using their finger.</p>
<p>A traveler staying at a La Quinta by Wyndham hotel was allegedly checked in by an outsourced, virtual worker. <span class="credit">@languageguy1/Instagram</span></p>
<p>The interaction led social media users to slam the hotel chain for outsourcing jobs to overseas workers.</p>
<p>“More American jobs outsourced overseas. At some point this should just become illegal. If you make money in America, you should hire Americans,” one user wrote in a post on X.</p>
<p>Another sniped: “What hotel, so I can be sure to avoid it?”</p>
<p>Some frustrated users even called on President Trump to target the practice by slapping tariffs on US-based companies that outsource jobs to overseas staffers.</p>
<p>A spokesperson for Wyndham Hotels &#038; Resorts, which owns La Quinta Inn, told The Post that it just learned about the matter and is actively investigating the situation.</p>
<p>“Do you need one room key or two room key?” the worker can be heard asking. <span class="credit">@languageguy1/Instagram</span></p>
<p>“This is a franchised location, meaning the hotel is independently owned and operated, and as such, we don’t control staffing. That said, this franchisee’s use of this equipment is not brand approved nor is it being marketed to other franchisees,” a spokesperson told The Post in a statement.</p>
<p>“Further, our brand standards require hotels to have a team member physically stationed at the front desk at all times.”</p>
<p>The chain has several La Quinta locations in the Miami area.</p>
<p>It’s unclear how widespread the practice of outsourced virtual front-desk employees is at La Quinta hotels and other chains. </p>
<p>Wyndham does offer mobile check-in for some guests, according to its website.</p>
<p>A video posted to YouTube in February appears to show the same large tablet screen being used by an outsourced worker in a Wyndham hotel in Bonita Springs, Fla.</p>
<p>Outraged social media users were quick to slam the hotel chain on social media. <span class="credit">@languageguy1/Instagram</span></p>
<p>“I checked into a hotel by talking to a man on a screen in the entryway. I scanned my ID, swiped my credit card, and the machine provided me a key,” the user who posted the video wrote in the caption.</p>
<p>Another social media user said they had a similar experience with a virtual front-desk employee at a hotel in Dublin.</p>
<p>“Honestly, it was a lot quicker than dealing with front desk staff, and it prints out your keycard,” the hotel guest wrote in a post online.</p>
<p>Meanwhile, a hotel in Amsterdam allegedly used a fully automated check-in process, where guests fill out a form on an iPad, take a key card from a pile and tap it on a reader to activate it, according to another user on X.</p>
<p>“There’s really no reason for these jobs at all in today’s age,” they added.</p>
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		<title>Waldorf-Astoria brings back NYC’s &#8216;grand hotel&#8217; style</title>
		<link>https://www.ourstoryinsight.com/waldorf-astoria-brings-back-nycs-grand-hotel-style/</link>
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		<pubDate>Wed, 16 Jul 2025 04:13:15 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=8224</guid>

					<description><![CDATA[<p>The Waldorf-Astoria Hotel’s full September reopening, five years later than first planned, will be well worth the long wait. The magnificently restored, reborn Waldorf-Astoria brings back the Big Apple’s “grand hotel” style, with glorious public spaces open to everyone and worthy of the inn’s iconic legacy. New York City’s great hotel lobbies fell one by [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p>The Waldorf-Astoria Hotel’s full September reopening, five years later than first planned, will be well worth the long wait.</p>
<p>The magnificently restored, reborn Waldorf-Astoria brings back the Big Apple’s “grand hotel” style, with glorious public spaces open to everyone and worthy of the inn’s iconic legacy.</p>
<p>New York City’s great hotel lobbies fell one by one over the decades. Even the Plaza’s once-spectacular entrance is a shadow of its old self.</p>
<p>The magnificently restored, reborn Waldorf-Astoria brings back the Big Apple’s “grand hotel” style, with glorious public spaces open to everyone and worthy of the inn’s iconic legacy. <span class="credit">Waldorf Astoria New York</span></p>
<p>The Waldorf’s public portion, on the other hand, is so large, I almost forgot that more than half of the building was converted to condo apartments. (The inn’s 1,400 guest rooms were pared down to 375, although they’re much larger than the old ones).</p>
<p>The Waldorf hosted the likes of Marilyn Monroe, Grace Kelly, Frank Sinatra, and global royalty. It was a key art of the city’s celebration fabric for nearly a century.</p>
<p>But after it closed in 2017, relaunching it fell far behind schedule due to construction issues, COVID-19 and an unexpected change in Chinese ownership.</p>
<p>“The many delays that The Post first reported will be forgotten when visitors and a handful of early hotel guests have their first look at the ground floor this week. (The grand ballroom and some other facilities won’t open until September.) </p>
<p>A view of the lobby in 2014. <span class="credit">AP</span></p>
<p>The Waldorf will reopen in September, five years later than planned. <span class="credit">Waldorf Astoria New York</span></p>
<p>The new Waldorf-Astoria, an Art Deco icon of New York City since 1931, is a sight to behold. Its landmarked lobby and Peacock Alley lounge between Park and Lexington avenues never looked so beautifully burnished since I first saw them a half-century ago.</p>
<p>Two gorgeous new restaurants, a magnificent marble floor and a welcoming porte-cochere entrance on East 49th Street elevate the Waldorf to a higher realm than the faded, tourist-trampled inn of the recent past.</p>
<p>Fears that 19th Century murals and other interior details would be lost turned out to be baseless. All were meticulously restored by project architect Skidmore, Owings &#038; Merrill and interior designers Pierre-Yves Rochon and Jean-Louis Deniot under the watchful eyes of the Landmarks Preservation Commission.</p>
<p>Newly renovated Peacock Alley lounge between Park and Lexington avenues. <span class="credit">Waldorf Astoria New York</span></p>
<p>Hotel guests in 2014. <span class="credit">AP</span></p>
<p>The famous floor mosaic “Wheel of Life” near the Park Avenue entrance is so perfectly restored, it looks as France’s Louis Rigal assembled its 148,000 pieces this year rather than in 1931.</p>
<p>Much of the vast ground floor was reconfigured to improve sightlines. The check-in counter that forced Peacock Alley revelers to stare at piles of luggage was relocated. Gone are old lounges such as notoriously tacky — and sometimes scandalous — Sir Harry’s Bar.</p>
<p>Peacock Alley’s walls in dark maple and black marble columns are magically lighter on the eyes than previous blue panels. The Waldorf clock, commissioned by Queen Victoria in 1893, was cleaned and polished to look new.</p>
<p>Cole Porter’s Steinway piano in Peacock Alley. <span class="credit">Waldorf Astoria New York</span></p>
<p>Composer Cole Porter lived at the Waldorf, where he composed Broadway hits like “Anything Goes.” His Steinway piano reposes serenely in the lobby where waitstaff sport outfits by designer Nicholas Oakwell — with silver silk blazers and waistcoats for women, three-piece check suits for men.</p>
<p>The restaurants are a special pride of hotel managing director Luigi Romaniello. Lex Yard, a plush, two-level affair helmed by Gramercy Tavern chef Michael Anthony, opens on a limited basis for dinner tonight.</p>
<p>Japanese cafe Yoshoku will open in stages as well. The Peacock Alley bar’s cocktail menu was devised by Jeff Bell of downtown Please Don’t Tell fame.</p>
<p>Lex Yard, a plush, two-level affair helmed by Gramercy chef Michael Anthony. <span class="credit">Waldorf Astoria New York</span></p>
<p>Park Avenue Junior Suite bed  <span class="credit">Waldorf Astoria New York</span></p>
<p>There’ll be live music, Romaniello said — “nothing intrusive, maybe jazz.” I hope he sticks to that. Peacock Alley’s enchanting surroundings don’t need a cabaret to transport guests to heaven.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/waldorf-astoria-brings-back-nycs-grand-hotel-style/">Waldorf-Astoria brings back NYC’s &#8216;grand hotel&#8217; style</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Waldorf-Astoria&#8217;s long-delayed opening stalls again &#8212; here&#8217;s when iconic hotel may finally open</title>
		<link>https://www.ourstoryinsight.com/waldorf-astorias-long-delayed-opening-stalls-again-heres-when-iconic-hotel-may-finally-open/</link>
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		<pubDate>Tue, 18 Feb 2025 08:06:55 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=5362</guid>

					<description><![CDATA[<p>It’s with no glee that we report yet another apparent delay in reopening the iconic Waldorf-Astoria Hotel. The doors won’t swing wide again until September, according to our on-the-ground sources. Property owner Daija Insurance Group and hotel management company Hilton for the past few months touted a “spring” reopening, which our sources said would have been [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/waldorf-astorias-long-delayed-opening-stalls-again-heres-when-iconic-hotel-may-finally-open/">Waldorf-Astoria&#8217;s long-delayed opening stalls again &#8212; here&#8217;s when iconic hotel may finally open</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>It’s with no glee that we report yet another apparent delay in reopening the iconic Waldorf-Astoria Hotel. The doors won’t swing wide again until September, according to our on-the-ground sources.</p>
<p>Property owner Daija Insurance Group and hotel management company Hilton for the past few months touted a “spring” reopening, which our sources said would have been in May.</p>
<p>The mysterious postponement follows previous failures to reopen the hotel as far back as in 2021 as the owners first promised. It wasn’t clear whether a fatal construction accident in early January, which resulted in a Department of Buildings temporary stop-work order, contributed to the latest go-slow.</p>
<p>None of the delays are the fault of Hilton, which yearns to see the Art Deco Park Avenue landmark reopened as the flagship of its ever-growing, international Waldorf-Astoria Hotels &#038; Resorts brand. Blame is instead due Chinese owners with little if any real estate expertise.</p>
<p>A spokesperson told us in December, “As we move closer to our opening date, we anticipate accepting reservations for dates beginning in spring 2025.” <span class="credit">Christopher Sadowski</span></p>
<p>The Waldorf-Astoria had been touted by its owner and management company to reopen in May. <span class="credit">AP</span></p>
<p>Anbang Insurance bought the property for nearly $2 billion in 2014 and closed it for restoration and partial condo conversion two years later. The Beijing bosses later imprisoned Anbang’s chief for fraud and corruption and replaced it with Daija.</p>
<p>Douglas Elliman, the exclusive marketing agent for the property’s 375 newly-created condo apartments, trumpeted this month that the first three unit sales had closed for a total of $7 million.</p>
<p>But the hotel’s reservation site lists no guest-room availability until Sept. 1. A spokesperson told us in December, “As we move closer to our opening date, we anticipate accepting reservations for dates beginning in spring 2025.” The reps didn’t get back to us this time.</p>
<p>Another question mark hangs over the Waldorf’s planned ground-floor American brasserie, named Lex Yards. It’s to be helmed by Gramercy Tavern chef Michael Anthony, whom we couldn’t reach.</p>
<p>The opening is supposed to coincide with the hotel reopening, but it wasn’t known whether the restaurant would open before the hotel’s guest rooms.</p>
<p>The mysterious postponement follows previous failures to reopen the hotel as far back as in 2021. <span class="credit">LightRocket via Getty Images</span></p>
<p>Jane Street Capital’s 67% expansion to about 1 million square feet at Brookfield’s 250 Vesey St. lent a much-needed ray of optimism to the sagging downtown office market.</p>
<p>The lease, first reported by Bloomberg, ended suspense over where the global trading firm would stretch its wings. We previously wrote that Jane Street was exploring next-door 300 Vesey St. for growth.</p>
<p>Until last week’s signing, Downtown noticeably sat out Manhattan’s winter leasing boom. January saw overall borough activity of 2.61 million square feet, or 59% ahead of the five-year monthly average, according to CBRE.  </p>
<p>But large deals were all in Midtown and Midtown South, which recorded volume that was up 18% and an amazing 166% respectively over January 2024.</p>
<p>Downtown leasing in January was a paltry 315,000 square, down 3% over the month in 2024, CBRE reported.</p>
<p>You might be tired of Realty Check reporting giant restaurant leases before anyone else – such as our story last week about Morimoto returning to the city in a big way at 1255 Broadway– but here we go again.</p>
<p>Maple Hospitality Group signed a lease for 12,000 square feet at Vornado’s 1290 Sixth Ave. on the West 51st Street, south-facing side. MHG owns four different eatery brands including its Chicago flagship Maple &#038; Ash, which is “redefining today’s steakhouse experience,” the company says.</p>
<p>MHG also owns modern-Italian restaurant  Monarch in Dallas. It wasn’t immediately known which concept will be at 1290 Sixth.</p>
<p>Vornado’s busy with $45 million in new tenants’ amenities at the tower where the Trump Organization holds a 30% passive stake. (The Maple restaurant will be completely public.) The tower’s 2 million square feet of offices are about 90% leased. Five Iron Golf recently signed for a 13,000 square-foot facility as we reported in September.</p>
<p>We wondered what would replace Charlie Palmer’s defunct steakhouse at the Durst Organization’s One Bryant Park. The team behind celebrated, three-location Japanese restaurant Momoya just signed for 5,000 square feet of indoor and outdoor space there, the landlord announced.</p>
<p>“For the first time since we opened One Bryant Park [in 2009], the spectacular restaurant space at the base of the building became available last year. We knew the Momoya team’s  vision would be a perfect fit for the Bryant Park neighborhood,” said Durst Organization president Jody Durst. Momoya president KwangHo Lee cited the tower’s “architectural distinction and substantial commercial potential of the location.”</p>
<p>Lee operates Momoya locations  in Chelsea, Soho and the Upper West Side, as well as high-end kaiseki spot Kappo Sono in Union Square and three outposts of casual sushi concept Happy Tuna.</p>
<p>It wasn’t yet known what form the new restaurant will be when it opens later this year. The space will be completely redesigned, Durst said.</p>
<p>One Bryant Park’s 2.35 million-square feet are fully leased. Sinvin Real Estate’s Christopher Owles repped the Momoya group. Durst was repped in-house by Tom Bow, Rocco Romeo, and Nora Caliban.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/waldorf-astorias-long-delayed-opening-stalls-again-heres-when-iconic-hotel-may-finally-open/">Waldorf-Astoria&#8217;s long-delayed opening stalls again &#8212; here&#8217;s when iconic hotel may finally open</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>New Hudson Yards project to add much-needed housing, hotel near Javits Center</title>
		<link>https://www.ourstoryinsight.com/new-hudson-yards-project-to-add-much-needed-housing-hotel-near-javits-center/</link>
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		<pubDate>Sun, 22 Dec 2024 19:33:49 +0000</pubDate>
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					<description><![CDATA[<p>They won’t shoot out of the ground overnight, but a 72-story skyscraper apartment tower and a 28-story hotel are in the future for the burgeoning Far West Side, aka the Hudson Yards District. Gov. Kathy Hochul named a four-member development partnership as “conditionally designated” to build the tower and a Hilton-branded hotel at 418 Eleventh [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p>They won’t shoot out of the ground overnight, but a 72-story skyscraper apartment tower and a 28-story hotel are in the future for the burgeoning Far West Side, aka the Hudson Yards District.</p>
<p>Gov. Kathy Hochul named a four-member development partnership as “conditionally designated” to build the tower and a Hilton-branded hotel at 418 Eleventh Ave. between West 35th and 36th streets. </p>
<p>The site is now a vacant lot opposite the Jacob Javits Convention Center.</p>
<p>Artist’s rendering for planned 72-story skyscraper apartment tower at 418 Eleventh Ave. in the Hudson Yards District. <span class="credit">Courtesy of Hudson Boulevard Collective / Gov. Kathy Hochulâs Office</span></p>
<p>It will have almost 1,400 apartments of which 404 would be permanently affordable, ESDC said. </p>
<p>The hotel would provide 455 much-needed rooms for Javits Center attendees.</p>
<p>The development team, known as the Hudson Boulevard Collective, consists of publicly traded BXP (formerly Boston Properties), Joseph Moinian’s well-known New York-based Moinian Group, and minority-owned BRP Companies and the Urbane Group. </p>
<p>BRP is a partner in the successful Urban League headquarters on West 125th Street. BRP and Urbane represent 31% of the Collective’s stake.</p>
<p>The project is expected to cost $1.35 billion. FXCollective will be the lead architect.</p>
<p>The site — one block north of Related Companies’ Hudson Yards complex and diagonally across from Tishman Speyer’s The Spiral — has a troubled history. </p>
<p>The state has long wanted to see it developed as a complement to private-sector projects nearby. </p>
<p>Under former Gov. Andrew Cuomo, the Empire State Development Corp. planned to choose a developer for a mostly commercial project.</p>
<p>But the state’s priorities changed with the office market turndown during the pandemic and as city officials and civic groups clamored for more housing. </p>
<p>Construction on the skyscraper will likely begin in 2028. <span class="credit">Courtesy of Hudson Boulevard Collective / Gov. Kathy Hochulâs Office</span></p>
<p>Hochul yanked the original request for proposals in 2021 and issued a new RFP requiring housing and scrapping the commercial part.</p>
<p>That step doomed developer Don Peebles’ widely publicized proposal for a so-called “Affirmation Tower” that would rise to over 1,600 feet but include no housing.</p>
<p>Because the land is state-owned, it’s exempt from city zoning rules but must still undergo environmental review and take public comments. </p>
<p>Construction won’t likely start for 3.5 years, Crain’s reported, with the residential tower to be completed first.</p>
<p>ESDC chief executive and president Hope Knight said the site’s development “represents a pivotal moment in the evolution of the Far West Side.”</p>
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		<title>Waldorf-Astoria insists hotel will reopen in spring 2025 &#8212; despite snag with online reservations</title>
		<link>https://www.ourstoryinsight.com/waldorf-astoria-insists-hotel-will-reopen-in-spring-2025-despite-snag-with-online-reservations/</link>
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		<pubDate>Mon, 16 Dec 2024 08:06:30 +0000</pubDate>
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					<description><![CDATA[<p>Hilton assured us in October that the latest postponement we recently reported in reopening the landmark Waldorf-Astoria hotel — until spring of 2025 — would be the project’s last delay. A week ago, as if to give credence to that, Hilton trumpeted that the online room reservations site would go live on Dec. 10. It [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p>Hilton assured us in October that the latest postponement we recently reported in reopening the landmark Waldorf-Astoria hotel — until spring of 2025 — would be the project’s last delay. </p>
<p>A week ago, as if to give credence to that, Hilton trumpeted that the online room reservations site would go live on Dec. 10.</p>
<p>It did go live. But if spring’s the reopening target, why was the earliest reservation being offered not until Sept. 1?</p>
<p>Waldorf Astoria’s online room reservations site went live last week but availability starts Sept. 1. <span class="credit">Christopher Sadowski</span></p>
<p>A Hilton spokesperson said the hotel will start accepting spring reservations near its opening date. <span class="credit">Getty Images</span></p>
<p>Spokesperson Emma Silverman said, “No, the [spring] opening has not been shifted back. As we move closer to our opening date, we anticipate accepting reservations for dates beginning in spring 2025.”</p>
<p>That’s also when the Waldorf’s brasserie-style restaurant, Lex Yard, led by Gramercy Tavern chef Michael Anthony, is due to open. We look forward to it.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/waldorf-astoria-insists-hotel-will-reopen-in-spring-2025-despite-snag-with-online-reservations/">Waldorf-Astoria insists hotel will reopen in spring 2025 &#8212; despite snag with online reservations</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Donald Trump &#8216;eyes deal&#8217; for Waldorf Astoria DC hotel</title>
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		<pubDate>Fri, 13 Dec 2024 23:44:55 +0000</pubDate>
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					<description><![CDATA[<p>President-elect Donald Trump is weighing a bid to save the failing Waldorf-Astoria hotel in Washington, DC – and rebrand it once more as a Trump International Hotel, The Post has learned. Three sources familiar with the situation said that the incoming commander-in-chief’s company, the Trump Organization, is weighing options that include a licensing deal or [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/donald-trump-eyes-deal-for-waldorf-astoria-dc-hotel/">Donald Trump &#8216;eyes deal&#8217; for Waldorf Astoria DC hotel</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p>President-elect Donald Trump is weighing a bid to save the failing Waldorf-Astoria hotel in Washington, DC – and rebrand it once more as a Trump International Hotel, The Post has learned.</p>
<p>Three sources familiar with the situation said that the incoming commander-in-chief’s company, the Trump Organization, is weighing options that include a licensing deal or even possibly buying back the lease on the government-owned, 125-year-old Old Post Office building.</p>
<p>“Our family has saved the hotel once. If asked, we would save it again,” Eric Trump told The Post in an exclusive interview.</p>
<p>The hotel, seen here during its 2016 opening ceremony with President-elect Trump, became a popular hangout for Republican insiders during his first four years in the White House. <span class="credit">The Washington Post via Getty Images</span></p>
<p>The luxury lodge at 1100 Pennsylvania Ave. – just a few blocks away from the White House – became a magnet for GOP insiders, DC lobbyists, and fundraisers after Trump opened the hotel in 2016.</p>
<p>Republican operatives spent $266K there in its first six months alone, according to FEC data.</p>
<p>But visitor numbers dropped off once Hilton, which manages the Waldorf brand, took it over and the real estate mogul ended ties with the hotel, according to an insider.</p>
<p>The uber-luxurious resort boasts 263 rooms. It even includes 35 suites and even a 6,300 square-foot two-story townhouse with a private entrance.</p>
<p>It is still “to be determined” whether the Trump Organization would want to wrestle back full control of the hotel by buying back the lease it sold in 2022 or agree to a licensing deal, the source said.</p>
<p>Sources close to the property said the president-elect is eyeing a possible hospitality investment in the DC area.</p>
<p>But they added that there had been no formal outreach from the Trump Organization about the Waldorf Astoria.</p>
<p>The landmark tower, built in the Classical Revival style, boasts 263 rooms including 35 suites and a 6,300 square-foot, two-story townhouse with a private entrance. Prices start at roughly $600 per night.</p>
<p>The Trump Organization sold their 100-year lease on the iconic property in 2022. <span class="credit">Waldorf Astoria</span></p>
<p>A Hilton Group spokeswoman did not reply to The Post’s request for comment.</p>
<p>Any possible takeover would also pose questions for the future of the Bazaar restaurant at the hotel, which is run by Trump-bashing celebrity chef Jose Andres, a long-time Democrat donor.</p>
<p>A spokeswoman for the World Central Kitchen boss declined to take questions when approached by The Post on Thursday.</p>
<p>Andres pulled out of a deal to set up a restaurant in the Trump International Hotel in DC in 2015. He would later work with the rebranded Waldorf Astoria. <span class="credit">Getty Images for Bloomberg Philanthropies</span></p>
<p>The Trump Organization sold its 100-year lease in 2022 to a group of Miami-based investors backed by ex-Yankees slugger Alex Rodriguez for $375 million.</p>
<p>The deal with CGI Merchant Group, announced in November 2021, saw Hilton manage day-to-day operations.</p>
<p>But the firm lost control of the leasehold rights to its creditor, merchant bank BTD &#038; MSD Partners, in August when it defaulted on its $285 million loan.</p>
<p>With higher interest rates posing challenges for the investment, it cleared the way for BTD &#038; MSD Partners to snap up the lease for a cut-price $100 million at a foreclosure auction.</p>
<p>The Post has approached CGI for comment.</p>
<p>A spokesperson for BTD &#038; MSD Partners, the merchant bank and investment firm run by ex-Goldman Sachs executives Gregg Lemkau and Byron Trott, declined to comment</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/donald-trump-eyes-deal-for-waldorf-astoria-dc-hotel/">Donald Trump &#8216;eyes deal&#8217; for Waldorf Astoria DC hotel</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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