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"Hotel rates don't raise (much) because of views, rents do. FiDi is A- resy area and a C+ hotel district. Just look at the rate difference between the Ritz down there and any of the same class of hotel in Midtown (FourSeasons is the best comp, but St Regis, Mandarin and Peninsula are all in a similar category) The addition cost of construction and operations of a hotel over resy adds to the economic imbalance. This is a much better resy project then hotel, but anything up their will be spectacular."?anon [Woolworth Building's Upper Floors Will Go Rental or Hotel]