Flatiron District becoming a hospitality hotspot, report shows – Metro US

Flatiron District becoming a hospitality hotspot, report shows

Thanks in part to its close proximity to major attractions, including its namesake architectural wonder, the Flatiron District is one of the most popular areas to work, play and visit in New York City. And with tourism to the Big Apple expected to surge to more than 65 million visitors this year, it’s also becoming one of the most welcoming.

Since 2011, the number of hotel rooms in the area has surged by more than 93 percent, according to a new hospitality report from The Flatiron/23rd Street Partnership Business Improvement District.

The BID stretches from 21st to 28th Streets and from Sixth Avenue to Third Avenue, consisting of more than 21 million square feet of commercial space. 

Today, the Flatiron District offers more than 4,650 hotel rooms, with an additional 1,620 currently under development. This growth, the BID said, is part of a larger citywide trend in which one out of every five dwelling units under construction is a hotel.

The Renaissance Hotel, Moxy Hotel, Ritz Carlton, Virgin Hotel and Springhill Suites Marriott are among the seven hotels currently in the works for the district. Overall, the area has 25 hotels that offer 60 restaurants, bars, cafes and retailers.

“The growth of the hospitality sector in the Flatiron District has been remarkable, as this report demonstrates,” said BID Executive Director Jennifer Brown. “It’s easy to see why hotel developers want to be in Flatiron. With the neighborhood’s central location, proximity to historic and cultural sites, plethora of restaurants and easy access to public transportation, Flatiron is a popular destination for tourists and local visitors alike.”

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5 fast stats about the Flatiron District hospitality report

The hospitality sector of the Flatiron District has grown by more than 93 percent since 2011, according to a new report from the Flatiron/23rd Street Partnership BID. (iStock)

Here are some other notable stats about the Flatiron District from the BID’s report, which is entitled “Flatiron: Where Then Meets Now:”

• the area offers more than 220 restaurants, bars and quick and casual food establishments, representing four out of every 10 ground-floor businesses

• 18 eateries have already opened in the district this year, with another 13 on the horizon

• dubbed “The Fitness District,” the Flatiron neighborhood houses 47 fitness gyms and studios, a 30.6 percent increase since 20014

• 32 coworking spaces are in the neighborhood, and six more are “opening soon,” the BID said

• there are nearly 800,000 daytime employees working in the Flatiron District