Many New York City hotels begin to open as coronavirus numbers are at an all-time low, but it’s a different story for one stand-out hotel. The five-star Times Square Edition is NYC’s first hotel closing permanently due to coronavirus.
Times Square Edition was a welcome addition to the luxury hotel scene in New York City, and it’s closure feels too soon for a hotel that’s only been on since 2019 (one year). The 452-room hotel, part of The Edition brand created by hotelier Ian Schrager and Marriott, will permanently close by August 13, according to NY1.
The hotel, located at 47th and 7th Avenue, was known for its John Fraser-helmed restuarants, including The Terrace and Outdoor Gardens and fine-dining 701West, which was awarded 3 stars by The New York Times, one of few restaurants in the city that touted this accolade.
So far, no other hotels in New York City have announced a permanent closure, and many are beginning to open doors after being temporarily closed since March, like The Mark Hotel on the Upper East Side.
However, according to The Wall Street Journal, about 25,000 hotel rooms may never reopen.
The occupancy level in New York hotels was 72.1 percent during the first week of March, New York Business Journal reports based on numbers provided by hotel research firm STR.
In STR’s latest report, for the week of May 31 through June 6, the occupancy level was 47.1 percent.
Nearly half of NYC hotels are empty, which is quite dramatic for a city with over 700 hotels that run full occupancy over the summer months. Will hotels make a strong comeback within the next year? Or will more NYC hotels close permanently due to coronavirus?
Only time will tell. In the meantime, if you’re traveling to NYC, be sure to know all the safety precautions implemented in the city.
Have you hear of any other NYC hotel closing permanently due to coronavirus? Let us know in the comments below.
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