PKFC: Manhattan experiencing historic hotel boom

Hotels are rising at rapid rates across Downtown Manhattan. Some are calling it the city's biggest hotel boom ever. "Overall, the city is undergoing the largest hotel boom in its history, adding over 18,000 rooms since 2010, with another 36,000 rooms in the pipeline and 12,600 of those rooms currently under construction," Mark VanStekelenburg, managing director of PFK Consulting USA's CBRE Hotels division, told the New York Post. He added that the majority of the ... [more]