09 Dec 4 Things NY’s Commercial Real Estate Industry Is Watching For In 2020
Hidrock Properties CEO Abie Hidary, who has developed multiple hotels in Manhattan, said the hospitality market has been flat for the past three years. In response, Hidrock has stayed profitable by finding savings.
“The important thing that we found, in hospitality is managing expenses…managing payroll, having people doing the right jobs and keeping a lean staff providing what guests want when they come to New York City,” he said. “The hotels we are building have a great room, a clean bathroom, not a lot of amenity space and not a lot of staff, and what we found is that’s a recipe for success.”