Ability to build 120 Rooms + Residential
Prime Downtown Brooklyn location, Centrally located
Downtown Brooklyn Is Booming -> http://www.nysun.com/real-estate/downtown-brooklyn-is-booming/49594/
Downtown Brooklyn Plans Video http://www.youtube.com/watch?v=20vvOnDBXis
Demand is there
According to industry sources, demand generators in Brooklyn include: corporate overflow from Manhattan; Brooklyn’s growing business landscape; leisure for those seeking the Brooklyn style; major events like the West Indian Festival; and the huge development of Brooklyn Bridge Park, which is revitalizing the borough’s waterfront.
Hoteliers also are looking to the imminent debut of the massive Atlantic Yards mixed-use project, which will include the Barclays Center, future home of the NBA’s Nets. The project is scheduled to open in phases starting this fall. The Fulton Street Mall is another major mixed-use project that will draw visitors to the borough.
Brooklyn’s lodging industry comprises more than 40 hotels and approximately 3,650 rooms—a near doubling of the number of hotel rooms over the past five years. For decades, Downtown Brooklyn offered only one full-service hotel, the Marriott Brooklyn Downtown. But new and proposed high-quality, full-service branded and independent hotels are shifting the balance of lodging options in the borough.