Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. https://onemileatatime.com/edition-times-square-closing-permanently He travels about 400,000 miles a year, primarily using miles and points to enhance his first class experiences. EDITION Times Square Closes On August 13, 2020. The hotel, located at 47th and 7th Avenue, was known for its John Fraser-helmed restuarants, including The Terrace and Outdoor Gardens and fine-dining 701West, which was awarded 3 stars by The New York Times, one of few restaurants in the city that touted this accolade. It is probably successful based on exquisite timing , it was torn down to create a Regis with Condos. But this year, it's closed to the public to stop the spread of COVID-19. The Times Square EDITION will be ceasing operations effective August 13, 2020 and will be permanently closing. The five-star Times Square Edition is NYC’s first hotel closing permanently due to coronavirus. Many New York City hotels begin to open as coronavirus numbers are at an all-time low, but it’s a different story for one stand-out hotel. Already they are a high tax state and with biz moving to more virtual and when they do rehire at lower wages you can see the benefit to live in NYC is not very economical thus converting to condos or luxury hotel or even office space isn’t really gonna work unless it’s much more affordable housing which is what their gonna have to do if they intend to keep people in NYC. But now, … The occupancy level in New York hotels was 72.1 percent during the first week of March, New York Business Journal reports based on numbers provided by hotel research firm STR. Please view our advertising policy page for additional details about our partners. Required fields are marked *. NYC is going to have a glut of rooms for a few years now, and on the luxury front it is overwhelmed with competition. 58 reviews of The Times Square EDITION "A new entrant into the Time Square market but this is a hotel like no other. 9 airline predictions based on aftermath of 9/11 and Great Recession (2008), 7 positive predictions for travel after coronavirus pandemic. Travel Accessories You Could Use From Amazon! Here’s CDC’s Answer. 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In NYC, if you convert a hotel into condos, you will need to reserve a portion of units to low income people with very low rents. Rooms feature a flat-screen TV with cable channels and a private bathroom. The Time Square Edition to Permanently Close Just a year after its much-anticipated opening, The Times Square Edition announced it will close permanently on or around August 13 this year. Times Square is at the center of the world's New Year's Eve celebrations, with tens of thousands of people packing in every December 31st to watch the ball drop at midnight. Travel in the Time of COVID: The news, resources, & information you need. That’s why NYC has tons of century aged houses unable to get redeveloped. Marriott Cuts Personalized Ambassador Elite Service, The Business Platinum Card® from American Express, Oh My: Ghana Threatens British Airways Over “Unfavorable” Gatwick Flight, My Experience Opening A Brex Cash Account (Easiest 110K Points I Ever Earned), Citi Premier Card Review With 60K Bonus (2021). Edition Times Square is closing permanently in NYC due to coronavirus. If you click on the link and purchase the item, I will receive an affiliate commission. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. hilton times square closing. In STR’s latest report, for the week of May 31 through June 6, the occupancy level was 47.1 percent. Stay connected via social media, or subscribe to our free email newsletter for tips on upgrading your travel and maximizing your miles! He lives in New York City. I witnessed the St Regis in LA, a hotel I used to love in the early 2000’s, and was a relatively new building (nowhere near as new as this though), get torn down and replaced with condos. That said, for Bonvoy loyalists, the W Times Square and Marriott Marquis are directly across the street, If you'd like to participate in the discussion, please adhere to our commenting guidelines. Here’s How I Cured My Wanderlust At Home During…, These Are The 29 States Where Covid-19 Cases Are Spiking – Do Not Travel, These are the most stressed countries in the world (United States is in the top 10), Starting Today, Masks Are Mandatory On All Domestic Flights And Airports, This Luxury Resort Is Offering A Free 14-Night Stay If You Test Positive For Covid-19. Shame…I was involved in the opening of it, and it was a very nice place, and the staff are really great. Your email address will not be published. For example, there’s also talk about how the value of the Hilton Times Square has been written down to less than the $77 million mortgage on the property, which may cause the owners to simply default. Home All Posts... hilton times square closing. There is an outdoor terrace with heated floors which … Several factors went into this decision including the COVID-19 pandemic, forcing the hotel to close. Anybody doing such a project with opening this year takes a big loss. This is especially true in major cities, as it’s likely that business travel won’t recover fully in the coming years, and it’s also likely that tourism will be focused on less populated areas. i came of age staying at the Sheraton Bal Harbour near Miami Beach. Travelbinger is now on YouTube! Unfortunately, theres not much use for that property as your going to see and exodus out of NYC. I tend to find that the newer ones regardless of brand are good but man, if you get stuck with an old location that hasn’t been remodeled in ages…. I have no idea how many would be considered “drug dealers and illegal immigrants,” but I would imagine that is more stereotype than reality. And they can’t offset development cost due to lower rents in a highly expansive city. Marriott Lays Off Hundreds of Workers at Times Square Hotel Company tells 850 employees to prepare for March 12 end date, as Covid-19 pummels New York’s hotel industry Register here to save your space. Save my name, email, and website in this browser for the next time I comment. I didn't stay here but had drinks and dinner at the restaurant on 9th floor. Should you fly? OMAAT Exclusive: Earn up to 110,000 Bonus Points, 60,000 bonus points | 3x at supermarkets, restaurants, & gas stations, Earn 60,000 bonus points | 2X points on travel and dining. Jimmy Im has traveled to 113 countries, stayed in over 600 hotels and has flown a million airmiles. Let us know in the comments below. It features 452 guest rooms, a fitness center, performance venue, and six unique dining experiences developed by Michelin-starred Chef John Fraser. How 11 major hotel chains have responded to the coronavirus pandemic. COVID-19 has obviously had a terrible impact on the hotel industry, and there’s no doubt that a lot of hotels will be forced to close permanently because of this. 4 Mistakes To Avoid If You Plan to Travel For Christmas…, 7 Simple Hacks For Stress-Free Holiday Travel Planning, Eden Roc Cap Cana, Dominican Republic Review (VIDEO), New Video: Top 10 Travelbinger Stories Of 2020. There’s another EDITION property in New York that will continue to operate. As reported by Bloomberg, the 452-room EDITION Times Square, which only opened in February 2019, will be closing permanently in August 2020. Only time will tell. Two T.G.I. Subscribe here for exclusive travel tips and advice from founder Jimmy Im. Sadly, those making bad decisions usually have moved on and are not there at the downfall. Or will more NYC hotels close permanently due to coronavirus? Join our LinkedIn group and hear the latest news, advice and get exclusive updates The New York EDITION seamlessly blends the elegant design of Ian Schrager with its Madison Avenue landmark beginnings. Studio 54 co-founder Ian Schrager says his Times Square Edition hotel was a major hit, even though it’s closing just a year after its ballyhooed opening. Times Square Edition was a welcome addition to the luxury hotel scene in New York City, and it’s closure feels too soon for a hotel that’s only been on since 2019 (one year). Maefield Development has worked out a deal with lenders and Marriott International that will allow the Times Square Edition hotel to reopen in the fall, following earlier reports of permanent closure. i say this spending my time living in both London and NYC and keeping a residence on the upper east side. as others note i think reopening as another brand once the NY market bounces back in 2021/2022 is the most probable outcome, I stayed there in Summer 2019 and had mixed feelings about it – the public spaces are beautiful but the rooms are pretty basic, aside from the shower and bathroom amenities, which were higher end. Click the Amazon link to support Travelbinger. Sadly, those making bad decisions usually have moved on and are not there at the downfall. Aside from the fact that high end hotel nights will decline so will the lower end which like the discount carriers too many. Travelbinger is now featured on Apple News — here’s how I…, Miss Travel? Friday’s in prime locations, one near Rockefeller Center and another in Times Square, have remained closed while its restaurants … About BenBen Schlappig (aka Lucky) is a travel consultant, blogger, and avid points collector. Breeze Airways Wants To Pay Pilots How Much?! And we need those illegal immigrants; they work in construction so we can have those buildings. Help us fund therapy sessions for black women and girls, What You Need to Know About Airline Partnerships & Alliances, The Latest Coronavirus (COVID-19) Updates & Policies, The news, resources, & information you need. It’s like forcing section 8 into your property regardless your own will. That 80,000-square-foot addition at the 30-year-old facility included the installation of a new printer and presses. Opinions expressed here are the author's alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. They go through insanely rigorous background checks and interviews to live in those buildings. I know you focus on aspirational flight and hotel products, but it would be awesome given the economy if you could do some reviews of “normal people” hotels when you resume travel, such as that Hilton you mentioned. That’s especially true for hotels that were already having financial problems coming into this pandemic. I guess that extra money from “destination amenity fee” wasn’t enough to save them. Being in the construction industry for four decades in various forms there were simply too many properties built in the last ten years like the airlines too many seats/beds that could not be sustained in a down turn, which aside from the virus disruption was going to happen. For almost 120 years, Times Square has been the center of worldwide attention on New Year's Eve. Join our LinkedIn group and hear the latest news, advice and get exclusive updates In February, doors will officially … Have you hear of any other NYC hotel closing permanently due to coronavirus? Not too many people actually want to live in/around Times Sqaure. @Sam – As someone who stays in the Hampton Inn/Embassy Suites class of hotels while travelling for work, there’s so much variety from location to location that I don’t know if covering a few of them will give a reasonable idea of what they’re like. Just as some airlines will go out of business as a result of the current pandemic, some hotels will go out of business as well. The Times Square Alliance, which promotes local businesses, has organized the event since 2007 near where the ball drops on New Year’s Eve in the closing moments of Dec. 31. COVID update: The Times Square EDITION has updated their hours and services. Evelyn hotel Belnord hotel Franklin Hotel also closed down. As far as the EDITION Times Square goes, it’s sad to see a hotel close after just 18 months, but the hotel already had financial problems before this started. 12 Travel Industry Observations That Could Affect Travel Trends In 2021, This Luxury Resort Is Offering A Free 14-Night Stay If You…, Airline passengers feud over reclining the seat. Which Credit Card Should You Use At Hotels? Save my name, email, and website in this browser for the next time I comment. One Mile at a Time is owned by PointsPros, Inc. I guess that extra money from “destination amenity fee” wasn’t enough to save them. While the EDITION Times Square was having issues before the current crisis started, expect that this will be far from the only property to close permanently. Some of the links in this post are affiliate links. He chronicles his adventures, along with industry news, here at One Mile at a Time. A fitness center, performance venue, and the staff are Really great Chef... 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