It Happened One Weekend: Downtown Hotel Boom

The Lower Manhattan redevelopment will include a bevy of luxury hotels, including some from the McSam group, a new W Hotel at 123 Washington Street, the long planned conversion of 75 Wall street, and a 660-room Sheraton under construction at 217 Pearl Street being built by local developer the Lam Group. Gene Kaufman, architect for McSam and Lam, points out those companies willingness to go into an untapped hotel market, saying “The Lam Group and McSam stepped into a market that had been overlooked. Now there are others coming in. The rebirth of Lower Manhattan has exceeded expectations — to everyone’s great joy.” [read more at]