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Hidrock Files Plans For New 31-Story, 161-Key Hotel


Hidrock Realty has filed plans for a new 31-story, 161-key hotel at 12-14 East 48th St.

Hidrock purchased the site, along with 13 East 47th St, in 2014 for $47M, and had originally planned to build a residential project there, NY Yimby reports. 

The planned hotel will total 116k SF and include amenities like a fitness center, a lounge with a pantry, bike storage and a second-floor terrace. 

While analysts and lenders have grown wary of the NYC hospitality industry lately over fears of a pending oversupply, the industry itself has remained largely upbeat about its prospects. [NYY]

Related Topics: hotel, Hidrock Realty