In a sign of continued confidence in New York's booming hotel market, the New York Observer reports that a developer wants to supersize a hotel planned on Broadway between 29th and 30th streets -- an area being hyped as "NoMad." The goal is to build a 600-room hotel appealing to business travelers and tourists alike with moderate rates, the article says.
A few months ago, developer Jon Lam bought two buildings on Broadway (1205 and 1225) so he could raze them and erect a 250,000-square-foot hotel and retail tower, the Observer reports. But now, Lam is negotiating to buy two adjacent parcels so he can build a 360,000-square-foot tower with as many as 40 stories, the story says.
It's not yet clear whether the hotel will bear the name of a chain or, if it does, whether it would be a Marriott, Hilton or other familiar brand.
The project is slated to rise directly across from the trendy Ace Hotel.
Courtesy of USAToday.com
