Prices have plummeted as vacancies have spiked, experts and hotel managers said.
In Sunset Park, a hotel room now can be had for the bargain price of $50 a night, or $1,500 a month — cheaper than many rents.
“The owners, they are crying,” said an employee at Days Inn, where rooms fetched up to $199 a night just last summer. “Prices are down a lot. It’s crazy.”
Let's hope that with our messianic president in charge things will get better. On the other hand we could market the cheap rooms to tourists who would otherwise use Manhattan hotels to stay in. If handled right it could create a mini boom. Just imagine, the Manhattan hotels would have to stay competitive. Imagine renting a room for $50 at the Waldorf or at the Grand Hyatt. Now that would be something to see.
[where: 820 39th street, Brooklyn, NY 11232]