Sarah Ryley has a story in the current issue of The Real Deal trumpeting the fact that 10,000 hotel rooms in the city are now in some state of suspended development. Though the article is inherently rather Manhattan-centric, there are some newsy nuggets for watchers of the Brooklyn market. Most noteworthy: Foreclosure proceedings have reportedly been initiated at the Cambria Suites project at 75 Schermerhorn Street (above) and two people contracted to work on the project confirmed that it is indefinitely on hold. Over on Flatbush Extension, Best Western claims that it’s still on track to build 80 rooms at #55 and Magna says it still wants to do its hotel in the former Pepper & Potter location at #125 but it has yet to land construction financing. At least one project isn’t being held up by lack of financing: Sam Chang told TRD that he’s going to finish his Comfort Inn in Sunset Park using his own cash.
10,000 Rooms on Ice [The Real Deal]
DOB Green-Lights Cambria Suites Hotel on Schermerhorn [Brownstoner]
Two New Hotels Slated for Downtown Brooklyn [Brownstoner]
From Cars to Mini-Fridges on Tillary [Brownstoner]