Domain Properties Discovers an Increase in NYC Hotel Occupancy

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) September 21, 2010 -- Domain Properties, a premier source for the latest news in New York real estate, has observed a recent rising trend. An increasing rate in the Big Apple's hotel occupancy is spurring a rise in sales of NYC properties. New York City hotels are shaping up to be an ever-increasing lucrative investment for local and foreign buyers

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Domain Properties Discovers an Increase in NYC Hotel Occupancy

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New York, NY (PRWEB) August 13, 2010 – Domain Properties, an industry leader in New York City real estate, is expressing extreme confidence in the future of NYC hotels. A recent increase in occupancy in the Big Apple's hotels speaks well for the opportunities out there for buyers and sellers of New York City hotels. During 2010, the hotel industry has shown promising signs of continued economic prosperity.

In the first half of the year, the rate of occupancy rose 4.4% and the revenue per available room (RevPAR) rose 2.3%. During the second half of 2010, occupancy increased 6.2% and RevPAR rose at the same rate. Smith Travel Research (STR) is forecasting a 2010 RevPAR growth of just over 5 percent. The rise in occupancy rates in NYC hotels is responsible for this expected growth.

Domain Properties points out that 23 of the Top 25 markets across the country showed an improvement. The prospects of NYC hotels, however, looks more promising than most. New York, NY, posted the largest ADR increase as it rose to 5.4%. New York was one of only four markets where the RevPAR increase was more than 10%. New York's RevPAR rose to an impressive 15.2%.

Domain Properties says that these statistics have certainly impressed buyers and investors on the local and international levels.
"The current market condition is perfect at this time," says Haim Yagen, CEO of Domain Properties.

Yagen mentions several fine New York properties that have changed hands and the list includes some well-known NYC hotels.

"The Court and Tuscany was sold last April. As well, the Helmsley Carlton House located on 680 Madison Avenue went recently to new owners. Now investors everywhere are trying to get their piece of the action," says Yagen.

Yagen explains that this intense interest in NYC hotels is not at all surprising to those who know the industry.
"New York City is an extremely popular tourist destination. In fact, Manhattan hotels can boast about an occupancy rate of more than 80 per cent," states Yagen.

With the upward trend in hotel occupancy, more buyers and investors are showing an interest in NYC properties. With an almost definite possibility of closing a sale, more hotel owners are putting their NYC property on the market. Domain Properties has been very active in matching buyers and sellers of NYC hotels.

For expertise in New York real estate, as well as the best deals, visit Domain Properties at http://www.domain=properties.com. To learn more about opportunities to buy or sell New York City hotels, contact Haim Yagen. For additional information about the intense and renewed interest in NYC hotels, contact Domain Properties. This experienced group of industry professionals provides services for local and foreign buyers and investors. Domain Properties has an extensive client base in the US, UK, Europe, Russia, Israel, China, and Saudi Arabia.

About Domain Properties:

Domain Properties, a professional team of industry experts, are changing the face of New York City real estate. Their experienced staff specializes in sales and leasing of NYC properties. Domain Properties handles sales of buildings, hotels, and land in New York City, as well as sales of industrial and retail space. Their expert professionals can arrange leases for buildings, offices, or NYC retail space. With their expertise and knowledge of the real estate industry, Domain Properties always discovers the best deals in New York City real estate.

Contact:
Haim Yagen
Domain Properties
234 5th Ave
New York NY 10001
T: 917-566-4434
http://www.domain-properties.com
info@domain-properties.com

To buy or Sell a NYC Hotel Investment Please Contact Us Domain-Properties.com or call Haim Yagen at 212-741-9700

Domain Properties: Offering OFF Market Hotels Investments in New York City, Hotel investment properties in Manhattan, Commercial Real Estate and residential homes in New York and beyond. info@domain-properties.com Current Market Condition – Perfect - Buying and Selling 'Off Market Hotels' - 'Strictly Confidential' Between Principals CALL 917-566-4434

More information can be found online at http://www.domain-properties.com/Hotels_For_Sale_NYC.cfm

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