Remember when?

Remember when: Roughly 18 months ago, shortly after the onset of the global pandemic permeating the U.S., there were a flurry of announcements of permanent hotel closures. This was particularly evident in New York City, a market which was facing significant challenges pre-COVID including overbuilding. Examples included the Hilton Hotel Times Square, New York Marriott Eastside, W New York Downtown, Courtyard by Marriott Herald Square, Courtyard Fifth Avenue, Blakely New York, Times Square Edition, Omni Berkshire Place and the Roosevelt Hotel. After the dramatic and swift halt in domestic and international travel during mid-March 2020, hotel owners and operators throughout…
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