Trump SoHo Plans Layoffs [View all]
Source: WNYC News
May 24, 2017 · by Ilya Marritz and Andrea Bernstein
In its heyday, Trump SoHo was a destination. Celebrity-filled limos regularly pulled up, and delighted tourists snapped selfies in front of the glassy tower. Rooms at the five-star hotel cost over $700 a night, and the Koi restaurant on the ground floor rocked.
But five months into the Trump administration, it turns out that the Trump name may be undesirable in lower Manhattan. Bookings for corporate events are down sharply, and the hotel is planning layoffs.
Today, you can find rooms for under $400 a night, several hundred dollars less than other five-star Manhattan hotels — less even than some four-star hotels. Citing a post-election slump, Koi Restaurant has left a month earlier than planned, leaving an empty locked space off the lobby. And managers are prepared to lay off twelve room attendants (out of a housekeeping staff of 80) and eliminate turn-down service, two sources confirmed to WNYC.
Documents reviewed by WNYC show the hotel’s conference and events business is also suffering: last year, the hotel booked 29 large corporate events between January and mid-May, for the likes of Citibank, GE, and Amazon. This year, it was down to 11 events, with fewer well-known names.
Read more: http://www.wnyc.org/story/trump-soho-plans-layoffs/
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