Showing posts with label oversupply. Show all posts
Showing posts with label oversupply. Show all posts

Friday, July 1, 2016

Just as predicted

This is how an article in the Commercial Observer starts:

Just how bad could Brooklyn and Queens’ hotel oversupply get?

Robert MacKay, the head of tourism for the Queens Economic Development Corporation, has an answer: “Some [hotels] will probably, I hate to say it, be converted into homeless shelters.”