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Is Hotel Saturation Ruining New York City?
Last month, the city released its Hotel Development Report outlining the influx of new hotels (citywide) since 2015. Here on the Lower East Side, in particular, 6 new lodges debuted within that timeframe and another 6 are on the way, equating to some 2,000 rooms. The trend of hotel glut served as subject for a scathing…