Sizzling NYC Hotel Development Market Set For Long Burn

Law360, New York (September 17, 2013, 6:50 PM EDT) -- Despite a stuffed pipeline that is more than double the size of the next leading city's, New York City's hotel development market is expected to continue its rapid growth as foreign investors clamor for a piece of the action and interest grows in the outer boroughs, attorneys say.

Both numbers and anecdotal evidence paint a picture of a metropolis that should be girding for an onslaught of hotel rooms in the next two to three years. But instead of developers pulling back in the face of...
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