Quote:
Originally Posted by nyc_alex
Last I saw the Hotel Penn was selling rooms for $50/night. Hopefully that one goes too.
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Yeah, they were all slashing prices because nobody is coming. At the Grand Hyatt, there was an agreement in place with the hotel workers union about a closing. I’m not sure how much that will weigh on a reopening. As for the Hotel Penn, Vornado was content to leave the hotel open until they finish work on 1 and 2 Penn Plaza (using proceeds from 220 CPS). It will be interesting to see how any extended closing weighs on that as well.
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