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NYC Hotel-To-Condo Conversion Restrictions Clear Committee

By Maya Rajamani (May 12, 2015, 8:32 PM EDT) -- A law passed in an 8-0 vote Monday by the New York City Council's housing and buildings committee would require New York City hotel owners hoping to convert more than 20 percent of their rooms into luxury condominiums or nonhotel space in the next two years to go through a special review process....

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