Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
"Jay Domb, proprietor of seven Manhattan hotels, including The Lucerne and The Belvedere, has nearly completed The Bronx Opera House Hotel on E. 149th St. in The Hub shopping district."[LEFT]
I have been watching this renovation for sometime, and the building itself is very nice with beautiful architecture. The fact that they saved this building, rehabbing it to its former glory as a boutique hotel is a MAJOR plus for the amenity and a very cool amenity.
"Jay Domb, proprietor of seven Manhattan hotels, including The Lucerne and The Belvedere, has nearly completed The Bronx Opera House Hotel on E. 149th St. in The Hub shopping district."[LEFT]
this is VERY interesting as my husband and I cant travel, so we do stay-cations at swank hotels (when we can) this seems nice. I shall follow its progress.
Hope it succeeds. The Bronx needs all the development it can get.
But I do wonder who the market really is for this:
"He expects the hotel to attract baseball fans with plans at Yankee Stadium, budget-conscious European tourists and visitors with family at Lincoln Hospital."
Baseball only takes up 80 days a year (unless there are playoffs). So the rest of the year?
Both Lincoln Hospital and Hostos College nearby cater to low income populations, so I'm not sure how much business there is from people connected to either of those institutions.
And those European travelers the developer wants to see will do what? Enjoy traveling to the city by subway and getting back here at 2 in the morning after a night of clubbing? Be happy looking for a decent sit down restaurant at 8pm? I have to say I'm a bit skeptical. This not like the UWS or Harlem that's closer to downtown attractions and even have some touristy stuff nearby.
I'm skeptical, but I would love to be proven wrong.
Hope it succeeds. The Bronx needs all the development it can get.
But I do wonder who the market really is for this:
"He expects the hotel to attract baseball fans with plans at Yankee Stadium, budget-conscious European tourists and visitors with family at Lincoln Hospital."
Baseball only takes up 80 days a year (unless there are playoffs). So the rest of the year?
Both Lincoln Hospital and Hostos College nearby cater to low income populations, so I'm not sure how much business there is from people connected to either of those institutions.
And those European travelers the developer wants to see will do what? Enjoy traveling to the city by subway and getting back here at 2 in the morning after a night of clubbing? Be happy looking for a decent sit down restaurant at 8pm? I have to say I'm a bit skeptical. This not like the UWS or Harlem that's closer to downtown attractions and even have some touristy stuff nearby.
I'm skeptical, but I would love to be proven wrong.
There's been a boom in hotel construction in Long Island City, in some quite unattractive areas. I suspect if the first set of hotels were not doing well, then the others would not have been built.
There is obviously a need for hotels that appeal to the budget-conscious traveller ($125-$150 is very cheap!) and are in relatively safe neighborhoods that are close to Manhattan by subway, no matter how non-touristy those areas are.
Hope it succeeds. The Bronx needs all the development it can get.
But I do wonder who the market really is for this:
"He expects the hotel to attract baseball fans with plans at Yankee Stadium, budget-conscious European tourists and visitors with family at Lincoln Hospital."
Baseball only takes up 80 days a year (unless there are playoffs). So the rest of the year?
Both Lincoln Hospital and Hostos College nearby cater to low income populations, so I'm not sure how much business there is from people connected to either of those institutions.
And those European travelers the developer wants to see will do what? Enjoy traveling to the city by subway and getting back here at 2 in the morning after a night of clubbing? Be happy looking for a decent sit down restaurant at 8pm? I have to say I'm a bit skeptical. This not like the UWS or Harlem that's closer to downtown attractions and even have some touristy stuff nearby.
I'm skeptical, but I would love to be proven wrong.
You need to understand that Yankee stadium is opened whole year round and its a major tourist attraction aswell as minor events can be hosted at the stadium such as trade shows small conventions aswell as none baseball games. I'm also still skeptically too. The big problem is no one cant afford to purchase property anymore in Manhattan due to high prices so it seems logical to try to buy and build in west Brooklyn, western queens upper Manhattan and the lower portions of the south Bronx.
I have been watching this renovation for sometime, and the building itself is very nice with beautiful architecture. The fact that they saved this building, rehabbing it to its former glory as a boutique hotel is a MAJOR plus for the amenity and a very cool amenity.
I think it is a great amenity, but I too wonder about demand. Nevertheless, there is no doubt before they endeavor on these multimillion dollar developments, they do their homework, especially in this economy.
So let's see how successful it will be. The building itself is beautiful, and I am glad it is being restored to its former glory. And I will probably stay at the hotel and see how good it really is.
I think it is a great amenity, but I too wonder about demand. Nevertheless, there is no doubt before they endeavor on these multimillion dollar developments, they do their homework, especially in this economy.
So let's see how successful it will be. The building itself is beautiful, and I am glad it is being restored to its former glory. And I will probably stay at the hotel and see how good it really is.
They won't necessarily create their own demand but the overflow demand from the city during high compressed dates will be enough to have them reach nice revenue and ADR numbers. If managed correctly I can see this property easily making a ROI in 5-8 years. Travelers looking for economical hotel rooms in NYC are easily out-priced due to higher rated demand from domestic and international travelers. A 3-star hotel in the city can easily run 96% occupancy at an average rate over $300. Third Party websites such as Expedia, Booking.com, etc. also make it easy for any small hotel to gain visibility to 100s of countries and millions of consumers.
I am more concerned about the locals not being as welcoming. I find that people who live international often times see less color and economic class than us Americans. Remember this is not your traveler looking for 5-Diamond accommodations.
One thing though, I hope they don’t put those awful looking yellow comforters on the bed as I saw on News 12 The Bronx.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
