NEW YORK CITY-With the hotel market in New York City witnessinga strong rebound, developers such as Gemini Real Estate Advisorshave begun construction on hotel projects. Gemini has recentlybegun construction of a new hotel under its flagship brand, the GemHotel, located near Union Square as part of the hotel's expansionplans.

The new hotel, slated for completion by 2012, will comprise 113rooms and stand 18 stories high. The company estimates that theproject will cost $14 million. For the full story, go toWall Street Journal.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.