Despite the sputtering economy and the paucity of construction financing, NYC's hotel industry continues to grow | capitalnewyork.com

On Monday afternoon, Mayor Michael Bloomberg held a press conference at the boutique Z NYC hotel in Long Island City, to announce that by year’s end, the city will have 90,000 hotel rooms, 24 percent more than it had in 2006. The mayor made his announcement on a rooftop complete with padded banquettes, a bar, and a panoramic view of Manhattan. “Over the past 10 years, we’ve increased the number of hotel rooms in New York City by more than 50...