Pummeled by the Pandemic, Hotel Owners Get Creative With Their Space

As the hospitality industry grapples with a severe downturn, owners are turning hotels into offices, schools, emergency housing, wedding halls or homeless shelters.

Like many hotels pummeled by the pandemic, the InterContinental Times Square is trying to hang on.

After tourists stopped arriving this spring, the 607-room property transformed into housing for doctors and nurses treating coronavirus patients. When they checked out, the high-rise began offering blocks of rooms as office space. And with its reopening this month, the InterContinental will again play office landlord, this time on a suite-by-suite basis.

“We’re trying to be creative,” said Gul Turkmenoglu, the general manager, “and hope our ideas take off.”...
   ...more

RSK: You guessed it...there are pros and cons to this deal.



- - Volume: 8 - WEEK: 42 Date: 10/13/2020 7:50:43 AM -