Building hotels, not buying, to surge in Manhattan

Bloomberg Businessweek reports that constructing a hotel in New York City, rather than buying one, is becoming more affordable as demand from publicly traded investors helps drive a surge in property prices. Increased competition for purchases has led developers to plan the opening of about 50 new hotels this year through 2013 in New York.

Suggested Articles

In addition to a new deal to expand in Denmark, the chain also is growing in France, Greece and Vietnam.

As LED lights go from niche to ubiquitous, hotels are taking advantage of the new devices and technology to create more customized looks.

Dutch East Design paired with Jamie Stern Furniture, Carpet & Leather to create the Float collection of soft rounded chairs and barstools.