NYC Hotel Market Heats Up As Tourists Rush In

Law360, New York (August 16, 2012, 7:36 PM EDT) -- New hotel projects are popping up all around New York as developers find creative ways to finance stalled projects and global chains eye the city for the first time. And with tourism booming in the city, experts say this trend shows no sign of letting up.

Tourism numbers reached a record high last year, with more than 50 million people visiting New York and hotel occupancy rates pushed up to 85 percent. While some saw a possible bubble, New York has beat London in occupancy rates...
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