The W New York Downtown is the latest hotel in Manhattan to announce its permanently closing its doors. The effects of the COVID-19 pandemic have been detrimental to the hotel industry specifically in New York City, resulting in the permanent closure of many hotels in the city.
Other permanent hotel closures in the city include the Maxwell New York, Omni Berkshire Place, Edition Times Square, and the New York Marriott East Side. There have been talks that the Edition will be getting an new owner, so there’s a chance that property may be saved.
Per The Real Deal,
The W Hotel in downtown Manhattan is the latest to close its doors for good.
The 217-key hotel at 8 Albany Street, which boasts suites with walk-in rainforest showers and reflective snakeskin tiles, will shut down Oct. 13, Bisnow reported. According to a notice filed with the state by Starwood Company & Resorts, 137 hotel workers will be let go.
In New York City, occupancy levels — which do not take into account closed hotels — have fallen for six straight weeks after ticking up in May. And hotels that are open are earning less than usual — revenue per available room fell nationally by 3.3 percent, to $44.67 from $46.21, week-over-week.
What’s interesting about the W New York Downtown is it’s also a residential building and those units are still for sale. Residents once had full access to hotel amenities including the hotel’s gym, room service, and maid service which I’d imagine will all be ceased given the hotel’s closure.
There’s always a chance that once we’re through to the other side of the pandemic, another hotel operator could step in and this property could be rebranded and reopen at a later time.
Have you stayed at W New York Downtown before? Feel free to share your thoughts on the property in the comments below.