Tag: New York City Economy

Hotel Bill Promises Nothing But Trouble For Real Estate Industry

Posted 06.01.2015 | Categories: Hospitality/Fractional Ownership | No Comments

On Thursday, the City Council approved a bill which severely impedes hotel owners’ rights and ability to convert guest rooms in their buildings into condo apartments. Specifically, this bill would mandate a waiver fromthe city Board of Standards and Appeals in order for owners of hotels with 150 rooms or more from converting over 20 […]

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