The city’s tourism sector and normally high demand for hotel rooms dropped significantly in the onslaught of the COVID-19 pandemic and wasn’t really projected to recover until 2025, according to a city planning hotel market analysis.
At the beginning of May, both Mayor Adams and Speaker Adams publicly stated their unwavering support for the idea. “All New Yorkers deserve safe and stable housing, and we have to create more flexibility in our zoning and building codes to allow for the conversion of underutilized and vacant hotels into desperately needed supportive and affordable housing,” said Speaker Adams in a statement.
The bill then went on to pass in the Senate. In a recent letter, former Manhattan Borough President and Councilmember Gale Brewer and other city council members urged the assembly to pass the hotel conversion bill before the session wraps in June. Brewer has been especially vocal on the issue considering a majority of the hotels and hospitality sector are in Manhattan. She said decades ago, in the 1970s, ’80s, and ’90s these kinds of conversions were allowed.
Joe Loonam, housing campaign coordinator for VOCAL NY, pointed out that if the state doesn’t act quickly, it’s likely that unused hotel properties would go to real estate developers looking to install pricey, luxury housing instead.
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