Why You Can't Afford Most Hotels In New York City
Zero Hedge -

Why You Can't Afford Most Hotels In New York City Authored by Fred Roeder via RealClearMarkets, On a Friday night in March 2011, I stayed at an upscale W Hotel on Lexington Avenue in New York City for $124. That hotel later became The Maxwell, but sadly it didn’t survive the pandemic and is now permanently closed. Today the average hotel stay in that same neighborhood costs between $400 and $500 on a Friday night. The surge in hotel prices, particularly for upmarket accommodations,...

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