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By the mid-1990s, the New York Marriott Marquis was highly profitable, especially with the ongoing revitalization of Times Square. [210] [211] A 1997 New York Times report stated that the hotel's rooms had an occupancy rate of 90 percent year-round, [210] while Crain's New York stated that the New York Marquis was the "most successful hotel ...
TSX Broadway is a 46-story mixed-use building on Times Square, at the southeastern corner of Broadway and 47th Street, in Midtown Manhattan, New York City.Developed by L&L Holding, the building includes a 669-room hotel, multi-story retail space, and an existing landmarked Broadway theater called the Palace Theatre.
20 Times Square is a 42-story [1] mixed-use development at 701 Seventh Avenue, on the northeast corner with West 47th Street at the northern end of Times Square, Manhattan, New York City. [2] The development includes one of Ian Schrager 's Edition Hotels, operated by Marriott , above a 6-floor 76,000 square feet (7,100 m 2 ) retail component. [ 3 ]
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He was dubbed the "porn king of Times Square" in press reports. [3] Perhaps his best-known property in Philadelphia was the Forum Theatre, an adult theatre. In early June 2013, a building controlled by Basciano at 2136 Market Street in Philadelphia collapsed during demolition, killing six and injuring thirteen. [ 4 ]
During the decade, several hotels were developed around Times Square, [18] [35] as well as in New York City in general, as a result of growing tourism. [36] These hotel developments were spurred by the success of the nearby New York Marriott Marquis , which had an occupancy rate of over 80 percent across nearly 2,000 rooms. [ 35 ]