Legacy Living’s Post

Where’s the New York City Hotel Market? Apparently showing ongoing signs of recovery… 1 Hotel Central Park sold yesterday for just above $1 million per key. According to New York City sales records from 2023 and 2024, upper-end hotels (Mondrian, The William Vale, and 1 Hotel Central Park) are trading between $800K and $1 million per room. Mid-market properties (like Hampton Inn, Hilton Garden Inn, and Doubletree) ranged from $400K to $600K per room. Distressed sales (the Roger Smith, Row NYC) were around $200K per key. Is the landscape shifting? What are your thoughts? #NewYork #Hotel #Hospitality #RealEstate #PrivateEquity

🎤According to Google and AI and also written in Some books that read. 🏅 "Father of the Hospitality Industry" is often attributed to Ellsworth Statler, an American hotelier who significantly shaped the modern hotel industry. Statler is known for his innovative ideas and contributions that revolutionized hotel operations in the early 20th century. He introduced numerous concepts that are now standard in the industry, such as private bathrooms in each guest room, free morning newspapers, and uniformed bellhops. His Statler Hotels became synonymous with luxury, comfort, and efficiency, setting new hospitality and guest service standards. #HospitalityIndustry #EllsworthStatler #HotelInnovator #FatherOfHospitality #HospitalityPioneer #HotelManagement #HospitalityHistory #IndustryLeader #HotelierLegend #ModernHospitality #GuestServices #HotelStandards #LuxuryHotels #HospitalityInnovation #TravelHistory

Day 83 of my #hotelquotes365challenge ‘Don’t try to tell the customer what he wants. If you want to be smart, be smart in the shower. Then get out, go to work and serve the customer!’ - Gene Buckley #famoushoteliers #hotelexplorer_net #hospitality #hotels #hoteliers #themostfamoushoteliersofalltime #hotelservice #serviceexcellence #luxuryhospitality

Lobby is almost done at the Hotel we are doing in Miami , Florida. #hotelservices #hotelrenovation #hotelconstruction #hotelinteriors #hotelforsale #hotel #hotelinvestments #hotelfurniture #hotelsupplies #multifamilyconstruction #multifamily #propertymanagement

Day 116 of my #hotelquotes365challenge ‘Even the best product needs to be sold. People won't come to you to buy it. You have to reach out to them.’ - Edna Newman #famoushoteliers #hotelexplorer_net #hospitality #hotels #hoteliers #themostfamoushoteliersofalltime #hotelservice #serviceexcellence #luxuryhospitality

Who doesn't love a Tuesday quick tip from the A-Team? Here are some questions new hotel owners should ask when preparing for a PIP! Scroll to see the answer and check out our blog 'Navigating a PIP as a New Hotel Owner' here: https://lnkd.in/eJy2A9j4 #hoteldesign #hotelier #hotelmanagement #hotelrenovation #hotels #pipfulfillment #hotelier #hospitalityindustry

Navigating PIPs as a new hotel owner can be a daunting task. Walk-throughs of the hotel before renovations begin are a key part of understanding what needs to go into the renovation. Scroll to learn what should go into the walk-through before jumping into renovations. To learn more read our blog 'Navigating a PIP as a New Hotel Owner' here: https://lnkd.in/eJy2A9j4 #hoteldesign #hotelier #hotelmanagement #hotelrenovation #hotels #pipfulfillment #hotelier #hospitalityindustry

There will be a significant reduction in the number of hotel rooms on the #LasVegasStrip this year. However, an impact on hotel performance isn't expected. Big swings in hotel additions and closures/demolitions are not uncommon in this destination. Thank you, Michael Petrivelli, for including insights on the impact of the closures on retail. #hotelpipeline #hotelconstruction #LasVegas

Day 110 of my #hotelquotes365challenge ‘Hotelier is not just a profession, it’s a state of mind.’ #famoushoteliers #hotelexplorer_net #hospitality #hotels #hoteliers #themostfamoushoteliersofalltime #hotelservice #serviceexcellence #luxuryhospitality