Hotels & Accommodations
Developers turning NYC hotels that housed migrants into apartments: Report

DEVELOPERS IN NEW YORK CITY ARE TURNING HOTELS THAT ONCE HOUSED MIGRANTS INTO MORE THAN 11 HUNDRED PERMANENT HOUSING UNITS, THE WALL STREET JOURNAL REPORTS. THEY’RE TAKING THE OPPORTUNITY TO TURN SEVERAL HOTELS INTO AFFORDABLE HOUSING, STUDENT HOUSING, OR STANDARD RESIDENTIAL APARTMENTS IN RESPONSE TO HOUSING DEMANDS IN THE BIG APPLE.
FOR INSTANCE, A HILTON HOTEL NEAR JFK AIRPORT IN QUEENS HAS BEEN CONVERTED, CALLED THE BAISLEY POND PARK RESIDENCES, AND WILL NOW SERVE AS AFFORDABLE HOUSING FOR PEOPLE WITH LIMITED INCOMES. IN THE FINANCIAL DISTRICT OF MANHATTAN, A VERY TALL HOLIDAY INN HOTEL IS BEING TURNED INTO STUDENT HOUSING.
DAVID SCHWARTZ WITH THE SLATE PROPERTY GROUP TELLS THE JOURNAL THAT MORE THAN A DOZEN HOTELS COULD BE CONVERTED INTO HOUSING UNITS.
THE NUMBER OF NEW APARTMENTS BEING CREATED BY CONVERTING HOTELS IS SMALL COMPARED TO THE MASSIVE DEMAND FOR HOUSING IN NEW YORK CITY. SO, THESE CONVERSIONS WON’T SOLVE THE HOUSING CRISIS. HOWEVER, THEY CAN STILL IMPROVE INDIVIDUAL NEIGHBORHOODS BY INCREASING FOOT TRAFFIC, ATTRACTING NEW PEOPLE, AND SUPPORTING LOCAL SHOPS AND SERVICES.
SINCE 2022, NEW YORK CITY HAS SPENT 8 BILLION DOLLARS SHELTERING MIGRANTS, AS REQUIRED BY ITS LAW TO HOUSE ALL UNHOUSED PEOPLE. BY EARLY 2024, OVER 54 THOUSAND MIGRANTS WERE STAYING IN HOTELS USED AS EMERGENCY SHELTERS.
SCHWARTZ SAYS IT’S EASIER TO CONVERT A HOTEL INTO RESIDENCES BECAUSE OF ZONING LAWS AND THE HOTEL’S DESIGN USUALLY MAKES THE RENOVATION PROCESS FASTER, ALLOWING THEM TO COMPLETE IT IN A SHORTER PERIOD COMPARED TO BUILDING AN APARTMENT BUILDING FROM SCRATCH.
HOTELS THAT WERE USED TO HOUSE MIGRANTS MAY CARRY A STIGMA, WHICH CAN CREATE ADDITIONAL CHALLENGES FOR OWNERS, SUCH AS HURTING THE HOTEL’S REPUTATION OR MAKING IT HARDER TO ATTRACT FUTURE GUESTS. “IT HAS TO RELAUNCH AS SOMETHING TOTALLY DIFFERENT,” MICHELLE RUSSO, CEO OF THE CONSULTING FIRM HOTELAVE TOLD THE WALL STREET JOURNAL.
THE ROOSEVELT HOTEL, ONCE ONE OF NEW YORK CITY’S MAIN MIGRANT SHELTERS AND ARRIVAL CENTERS, HAS NOW CLOSED. DESPITE ITS SIZE AND LOCATION, DEVELOPERS TELL THE JOURNAL IT’S UNLIKELY TO REOPEN AS A HOTEL OR BE CONVERTED INTO HOUSING.
TURNING HOTELS INTO AFFORDABLE HOUSING IN NEW YORK CITY HAS BEEN DIFFICULT DUE TO STRICT RULES, EVEN WITH STATE FUNDING FROM A 2021 LAW, ACCORDING TO THE WALL STREET JOURNAL. THE BAISLEY POND PARK RESIDENCES IS THE FIRST TO SUCCEED UNDER THIS LAW.
Hotels & Accommodations
Minor Hotels Marks Its First Expansion In Peru With nhow Lima,Key Details For Travelers

Published on
August 12, 2025 |
For the first time, Minor Hotels, a global hospitality giant, has expanded its reach into Peru with the launch of nhow hotel. The global hotel is now marking its first property opening in Lima in the upscale district of Miraflores. As the hotel is located within walking distance to the waterfront and other culturally important sites in the city, it provides a great combination of useable modern comfort and timeless traditional luxury which will appeal to both leisure and business travelers.
A New Era for Peru’s Hospitality Scene
The nhow Lima marks a milestone for Minor Hotels as it enters the Peruvian market. With a total of 243 contemporary rooms spread across 13 floors, the property is catering the needs of both tourists and business professionals. The hotel has a strong emphasis on the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector. Its multifunctional event spaces utilized for a range of events, from business meetings and networking functions to large-scale brand launches and corporate gatherings.
A Strategic Location for Business and Leisure
The hotel’s location in Miraflores positions it as a key player in both the tourism and business sectors. Known as one of Lima’s most desirable neighborhoods, Miraflores is home to a variety of high-end restaurants, shopping centers, and cultural attractions. Guests can enjoy a peaceful stroll along the boardwalk or explore the nearby parks, museums, and galleries that highlight the country’s vibrant history and art scene.
Lima is fast becoming a hub for business tourism in South America, and the nhow Lima is strategically placed to cater to this growing demand. With its extensive event spaces and focus on the MICE market, the hotel is set to become a preferred choice for corporate travelers and event organizers looking for world-class facilities combined with the cultural richness of Peru.
Minor Hotels Continues Its Global Expansion
The opening of nhow Lima is part of Minor Hotels’ continued expansion strategy. The hotel group, which also owns and operates brands such as Anantara, Avani, and NH Hotels, is further growing its portfolio with the introduction of several new hotel brands in the coming years. This marks a significant period of growth for the company, which continues to cater to both business and leisure travelers worldwide.
Minor Hotels is part of the Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands. This affiliation allows Minor Hotels to provide guests with a range of benefits, including access to exclusive offers and a global network of properties. The alliance’s recent conference brought together top CEOs from the hospitality industry to discuss key trends and future developments, signaling a positive outlook for the global hotel sector.
Looking Ahead: Innovation and the Future of Hospitality
While Minor Hotels forges ahead with its growth strategy, the focus is not only on increasing the number of properties but also on enhancing the guest experience. The introduction of unique features such as IV drip bars, a focus on slow travel, and partnerships with local institutions are part of the company’s commitment to creating innovative hospitality experiences. These initiatives aim to meet the evolving expectations of today’s travelers, who are increasingly seeking personalization and authentic experiences during their stays.
How nhow Lima and Minor Hotels in Peru Embarking Into A Bright Future ?
With the launch of nhow Lima, Minor Hotels has established a new standard for the Peruvian hospitality sector. The hotel offers unrivaled luxury together with modern conveniences making it one of the leading hotels in the competitive Lima tourism and business marketplace. As the hotel sector in Latin America keeps expanding, nhow Lima will certainly help shape the future of hospitality in the region. For business travelers, tourists, and even event coordinators, the new hotel promises one of the best hotel experiences in one of the most vibrant cities in South America.
Hotels & Accommodations
Fairmont Ajman elevates Ahmed Gaafar to Hotel Manager, highlighting commitment to guest experience

Over the past three and a half years, he has been instrumental in elevating guest satisfaction, streamlining operations, and driving strong commercial performance — all while fostering a culture of collaboration, accountability, and engagement among colleagues. His promotion recognizes his deep understanding of the Fairmont brand values, his ability to lead through transformation, and his consistent delivery of elevated guest experiences.
Hotels & Accommodations
IHCL to pick up 51% stake in ANK Hotels & Pride Hospitality

Indian Hotels Company Limited announced that it received approval from its board of directors and a duly constituted committee for the acquisition of controlling stakes in two hospitality firms. This includes ANK Hotels Private Limited and Pride Hospitality Private Limited. The transaction is to take place for an aggregate amount of up to ₹204 Crore.
For acquisition of about 51% equity stake in ANK Private Limited, IHCL has executed a share subscription and purchase agreement. The amount for this transaction is ₹100 Crore.
ANK Hotels runs and manages hotels under the brand name The Clarks Hotels & Resorts. The company has a portfolio of 111 midscale hotels, out of which 67 are currently in operation. The business posted a turnover of ₹14.32 Crore in FY25.
Additionally, IHCL has inked a share subscription agreement for acquisition of a 51% stake in Pride Hospitality Private Limited. This transaction is to be carried out at a price of ₹94 Crore.
With these transactions, IHCL’s geographical penetration throughout India’s midscale segment. The company expects to complete these acquisitions by November 2025. This will significantly add up to IHCL’s portfolio.
IHCL also entered into a distribution and marketing agreement with Brij Hospitality Private Limited. The company operates 19 hotels under the Brij brand within India.
For feedback and suggestions, write to us at editorial@iiflcapital.com
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