NEW YORK CITY-Educational Housing Services, has taken a five-year lease for 169 hotel rooms, totaling approximately 67,000 sf for $30 per sf, at The New Yorker Hotel. EHS offers college and graduate students an alternative to traditional dorm living by provides completely furnished, independent residences here.EHS will house approximately 220 students at the hotel, which is located at 34 Street and Eighth Avenue.

According to Kevin Smith, general manager of The New Yorker, the hotel offers students several amenities including the use of the business and fitness centers. Students will also benefit from round-the-clock security and access to the Tick Tock, a 24-hour diner on the hotel’s ground floor. EHS is also installing high-speed Internet access to each of the rooms it has leased, which are on the 27th through the 29th floors. It has also installed a computer center on the 28th floor and a student lounge on the 29th. Rates for the students’ rooms range from $8,000 for a double room to $12,000 for a large single room. Rates are based on a nine-month school year.

“EHS represents students from a variety of universities, and our new space at the New Yorker Hotel is helping us meet the tremendous demand for affordable housing in a very accessible location,” says George Scott, founder and president of EHS.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.