With more than 15 hotels opened since 2006, hotel developers have certainly placed their bet in LIC. Less expensive than Manhattan, good transportation, views of Manhattan skyline, etc.. etc.. we know the list. DNAInfo covered the topic last May, saying “A surge in construction over the past several years has brought both budget-friendly and upscale lodgings to Long Island City with several more on the way, enticing tourists and businessmen alike with their proximity to Manhattan, comparatively lower prices and stunning skyline views.” Last week the Associated Press got in to the fray too, writing Queens Hotel Boom Brings NYC Tourists Across The River, a piece that was syndicated across national news players like WSJ, ABC News, Yahoo and many more. With all this activity, The Pam American Hotel (GMAP) in operation for more than 30 years in Elmhurst Queens, is trying its luck too. The hotel is listed for sale by Massey Knakal for $24.25M and is… Read More
