Reports on the struggling hotel industry are not new, but this exchange from last night's Community Board 1 meeting?relayed via Eater?still comes as a shock. On De Niro's Greenwich Hotel in Tribeca: "The question of the night came from one of the board members: 'How's the hotel doing, business-wise?' A grimace from the lawyer: 'You know?these are challenging times. They’re doing ok.' What’s ok? An estimated 50% occupancy rate." [Eater]
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