Proposed Law Would Harm NYC Hospitality Industry

New York Real Estate Practice Group Leader Stuart Saft authored an article for Law360 analyzing the controversial Introduction 991, otherwise known as the Safe Hotels Act, proposed by the New York City Council. This legislation requires hotels to obtain licenses, directly employ core staff without using third-party vendors and limit hotel ownership transfers, potentially hindering the industry's recovery post-COVID-19 and reducing operational flexibility. Mr. Saft highlights that despite the stated intentions of safety, the act imposes complexities and burdens that could unfavorably affect New York City's hotel industry, which would impact employment and the wider economy.

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