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Total hotel rooms secured by NYC for migrants by 2025?
2
Resolution / Starting Odds
Less than 10,000 • 25%
10,000 to 12,000 • 25%
12,001 to 14,000 • 25%
More than 14,000 • 25%
Official statements from New York City government or reputable news sources
Story
New York City to Spend $5.76 Billion on 14,000 Hotel Rooms for Migrants at $352 Per Night Through 2025
Oct 11, 2024, 08:19 PM
New York City is planning to continue housing migrants in hotel rooms through at least 2025, with an estimated 14,000 rooms required until the end of next year. The cost of this initiative is projected to reach $5.76 billion, with the city spending approximately $352 per night per room. Mayor Eric Adams has announced that the city will spend $2.3 billion on hotel rooms for migrants through 2025. The total cost for New York State due to the border crisis is projected to be $12 billion. The city has already begun soliciting bids from contractors to secure these hotel rooms, including luxury hotels. The annual cost for New York City hotels is estimated at $1.8 billion.
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Similar markets
Less than 100 • 25%
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151 to 200 • 25%
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$353 to $400 • 25%
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Less than $4000 per room per month • 25%
$4000 to $4500 per room per month • 25%
$4500 to $4820 per room per month • 25%
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$5 billion to $5.76 billion • 25%
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