Hotels Swell in Manhattan | wsj.com

New Brands Go Up as Developers Place Bet on City's Economy and Tourism

New York is experiencing its biggest hotel expansion in a generation, attracting a host of new brands and developers betting that the good times will continue. But the race to build or convert dusty properties into modern lodgings already has sparked a debate about whether the additional rooms can be absorbed without putting downward pressure on hotel-room rates by next year.