Last week SAI Hospitality, a hotel builder that’s been bullish on Brooklyn lately, closed on the purchase of a warehouse on 33rd Street between 3rd and 4th avenues. The company paid $2.45 million for a 10,000-square-foot building that could be replaced by a building double its size. More and more developers have been planning hotels for the industrial section of Sunset Park. There are hotels in the works on 38th, 39th, 49th, and 59th streets, most of them west of 4th Avenue. SAI Hospitality also has two hotels on the drawing board for President Street in Gowanus. Can there really be enough demand to support all these?
Sunset Park’s a Hotel Hotbed [Brownstoner] GMAP P*Shark DOB
Developer Plans Two Hotels on One Gowanus Block [Brownstoner]
Photo from Property Shark.
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