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Midprice properties invade Metro New York marketplace.

Publication: Business Travel News
Publication Date: 25-OCT-04 		Format: Online - approximately 994 words
Delivery: Immediate Online Access

Article Excerpt
Development of new full-service hotels in the metropolitan New York area has been quiet this year, but midprice and economy development has remained brisk. Hilton Hotels Corp.'s Hampton brand is scheduled to open its second Manhattan property in December and has a third under construction with plans for a spring 2005 opening, while InterContinental Hotels Group in August broke ground for a Holiday Inn Express in Midtown, its first in Manhattan, also with a planned spring 2005 opening. Choice Hotels International in May' opened a Comfort Inn in Brooklyn.

Homewood Suites by Hilton in December will open its first two properties in the metro area, one overlooking Manhattan in Edgewater, N.J., the other in Melville, Long Island. Adjoining the Homewood in the second project will be a sister midprice brand, Hilton Garden Inn.

"The majority of anticipated new supply through 2006 represents limited service hotels, the result of...

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