Developer plans 534-room NYC hotel

Hotels have faced their fair share of trouble during the pandemic, with some defaulting on their loans and others shutting down for good. But Extell Development is pressing on with its plans for a huge Midtown hotel regardless. The development firm has filed a permit application with the city’s Department of Buildings for a 168,897-square-foot hotel at 32 West 48th Street in the Diamond District. Pincus first reported the news. Read The Real Deal online story here

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