NEW YORK CITY-Starwood Hotels and Resorts has plans to open seven new hotels in New York in 2010, bringing the total number of hotels it operates in New York to 18. These seven hotels will add 1,712 new rooms in the city, which is a fourth of the total supply for this year.
The total investment in these properties is $780 million. Starwood will be opening an Aloft hotel in Harlem in August, which will be Harlem's first hotel in 40 years. For the full story, go to Wall Street Journal.
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