Lesser

Daniel Lesser

Lesser continues that the World Trade Center site is the top visited downtown tourist destination, with more than five million visitors expected annually once the memorial and museum open. "Once completed, the World Trade Center Transportation hub and the Fulton Street Transit Center are anticipated to revolutionize commuting and travel patterns for the city of New York as a whole, and will position downtown as a world class neighborhood."

Lesser tells GlobeSt.com that similar to all of Manhattan, "Downtown is currently 'under-hoteled' with a variety of new lodging projects in various stages of development. Given the increased corporate and leisure/transient demand expected during the foreseeable future, occupancy levels should remain strong coupled with continued growth in room rates above inflationary levels."

The state of Downtown as a whole, will be spotlighted on May 13 at RealShare Downtown New York. Both Swig and Lesser will participate as speakers at the event.

Instant Insights /

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