The city-wide hotel boom is at the tail end of the cycle, but developers continue to push projects in Queens. According to records filed with the city today, real estate investment firm Brooklyn North Capital plans to build a new Red Lion hotel in Long Island City.
The firm filed plans for a 14-story hotel at 38-15 9th Street, which is currently home to four apartment buildings. Red Lion Hotels Corporation announced in February that it would bring its third Hotel RL to the 9th Street site, adding to its current Baltimore and Washington D.C. locations.
The hotel will span 61,263 square feet and house 198 rooms along the second through 13th floors, according to property records. The top floor is expected to include a rooftop bar and lounge with additional outdoor seating. Red Lion’s announcement in February indicated that the hotel would have 171 rooms. Representatives for the hotel and developer couldn’t immediately be reached to comment on the room count.
Brooklyn North Capital shelled out $4.7 million for the four properties in March 2015. It does not appear that demolition applications have yet been filed. The hotel is expected to open in 2019.
Since 2010, developers have filed for nearly 3,400 rooms across 38 hotel projects in Long Island City since 2010. Of those, 23 are set to open by 2019, according to hotel research firm STR, including the 120-key Towne Place Suites Hotel and the 176-key Aloft Hotel.
The Real Deal reported last week that permit applications for just six new hospitality properties city-wide were filed in the first three months of 2016. The downward trend on hotel construction started in 2015 and reflects the greater trend in reduced permit filings across New York City.
Correction: A previous version of this story did not make clear that BNC purchased all four sites for $4.7 million.