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Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’ (Published 2020)
Several big hotels in the city have announced that they are closed for good, and some experts say that more shutdowns are coming.
www.nytimes.com
Several big hotels in the city have announced that they are closed for good, and some experts say that more shutdowns are coming.
Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun.
Sinking under the weight of overdue mortgage payments and property taxes, some hotels have already shut down for good, and many others are struggling to survive.
In the last two weeks, the 478-room Hilton Times Square and two Courtyard by Marriott hotels in Manhattan said they would not reopen, joining several others that had already closed for good, including the 399-room Omni Berkshire Place in Midtown.
All told, more than 25,000 hotel employees have been out of work for more than six months, making the industry one of the hardest-hit in the city and emblematic of the challenges New York faces as it tries to recover from the economic crisis set off by the coronavirus outbreak.
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This pandemic is causing some major changes to the country. And I see the rate of change increasing this winter as the coronavirus resurges.