Michael Stathokostopoulos

<html><head></head><body><div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>More than 200,000 migrants seeking shelter had arrived in New York City as of August 2022. Given that New York has a legal obligation to provide shelter to anyone who asks, by 2023, more than 16,000 rooms across 136 hotels were contracted by the city to serve as shelters and house migrants, refugees and the unhoused.</p></div></div></body></html>

CoStar Insight

Analytics

Marriott New York JFK Airport

MOXY Brooklyn Williamsburg

SpringHill Suites New York Queens

Residence Inn New York Queens

Three Areas Outside Manhattan Showcase Strongest RevPAR Growth

Migrant-Related Supply Reductions Have Been a Strong Tailwind in NYC Hotel Performance

CoStar

Add a Listing

The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

<b>Business Immo</b> is a CoStar Group news service covering commercial real estate in France.

This article was originally published on <a>Homes.com</a>.

<b>CoStar's Impact Awards</b> highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge. Learn more about the awards <a>here</a>.

CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

Email article

Share on Facebook

Share on LinkedIn

Print article

Share on Twitter

MORE NEWS ABOUT THIS PROPERTY

In case you didn’t hear, Hotel News Now has joined forces with another award-winning news team, CoStar News. Other than a different look and location, not much is going to change with the HNN team, its coverage philosophy or how your personal data is used. Check out {learnMoreLink} for answers to the questions you may have.

CoStar News - Not Found

OPEN SAVED SEARCHES

ALL RESULTS HAVE BEEN LOADED

In Your Market

In Your Region

LOAD MORE RESULTS

My Feed

News For You

NEWS SEARCH

No result found

NO RESULTS

Search All News

Search Results

Top News

Update Your News Preferences

Featured

International News

Video

Get In Touch

Get CoStar's latest information for hotel decisionmakers delivered to your inbox.

Yes, I would like to receive information on behalf of HNN's industry partners

Administrative Assistant

Assistant GM

Managing Director

Marketing Director

Owner

President

Principal

Regional Manager

Sales Associate

Sales Manager

Student

Vice President

Analyst/Consultant

Other

Department Head

Department Manager

Director

District Manager

EVP / SVP

General Manager

CoStar Home

CoStar | #1 Commercial Real Estate Information Company

News | {content}

You can still sign up for CoStar’s weekly bulletins today to sample what CoStar News has to offer you.

Title

Migrant-Related Supply Reductions Have Been a Strong Tailwind in NYC Hotel Performance

RELATED ARTICLES

IN THIS ARTICLE

Get In Touch
888-226-7404

RELATED ARTICLES

In multifamily rent growth contest, college football's small-town SEC powerhouses edge out Big 10 giants

Navigating the Scottish commercial property landscape in 2025, according to the experts

Percentage of apartments offering concessions hits all-time high in Colorado Springs

Available industrial sublease space falls from peak in Atlanta

New York City saw a decline in chain stores in 2024, report says

Migrant-Related Supply Reductions Have Been a Strong Tailwind in NYC Hotel Performance

RELATED ARTICLES

IN THIS ARTICLE

Get In Touch888-226-7404

Get In Touch
888-226-7404