Library Hotel loan flagged due to overdue books

You can book a room in any hotel, but at the Library Hotel you can select which books will be in your room. On the fourth floor, far from the madding crowd downstairs enjoying the complimentary daily wine and cheese, guests can rest in a room filled with Russian novels. The sixth floor’s rooms contain books about management, the eighth floor has erotic literature, and the tenth includes books about other libraries.Fans say the 60-room, 6,000-book Library Hotel at 299 Madison Ave., down the street from the New York Public Library, is among the best in New York.“I could not have picked a better hotel,” a traveler wrote recently on TripAdvisor. “Nothing was too much trouble for [the staff]. They looked after me from the start to the end.”But the Library Hotel has a problem: Its books are overdue. Specifically, its financial statements haven’t been updated with its loan servicer in more than a year. In November the property’s $30 million mortgage was added to the servicer’s watchlist, credit-rating agency KBRA said in a report last week.The most recent information available showed the hotel’s occupancy rate was 83% in September 2023, below the citywide average at the time of 88%, according to CoStar, and 10 percentage points below its pre-pandemic level. Net cash flow of $2.3 million a year was running one-third below pre-pandemic levels, KBRA data show.The Library Hotel is part of a boutique-hotel chain presided over and owned by Henry Kallan, who fled Czechoslovakia in 1968... Continue reading at 'Crains New York'

[ Crains New York | 2024-12-02 18:27:16 UTC ]

Other news stories related to: "Library Hotel loan flagged due to overdue books"


Historic Home of Warwick's Saved After Friends Raise Millions

More than 30 people raised $8.35 million to buy the building that houses Warwick's bookstore in La Jolla, Calif., saving it from having to move from where it has operated since 1952. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-03 04:00:00 UTC ]
More news stories like this


Notable New England Bookstores Change Owners

Northshire Bookstore in Manchester Center, Vt., and its sister store in Saratoga Springs, N.Y., have been sold to new owners, as has the Norwich Bookstore in Norwich, Vt. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-04-30 04:00:00 UTC ]
More news stories like this


London, the New Capital of Middle Eastern and North African Arts, Culture, Music, and Literature, by Malu Halasa

Culture Street mural for Grenfell Tower, with poem by Ben Okri, North Kensington, London, image courtesy of IranWire and #PaintTheChange. London-based writer Malu Halasa canvasses the Middle Eastern and North African culture scene in London,... Continue reading at World Literature Today

[ World Literature Today | 2021-04-19 19:22:28 UTC ]
More news stories like this


Springing Back to the Blog and the Bookstore (shelftalker)

I’m peeking out to post this week and rejoice that the warmth of spring and the end of a long Covid winter lets us all spend some time together. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-04-19 13:00:00 UTC ]
More news stories like this


New York bookstore figures out the perfect sideline: pickles.

Even in boomtimes it is hard to keep a bookstore afloat: the margins are razor thin and you’re in constant competition for bookbuyers with the largest monopoly in the universe (Am*zon). This is why a lot stores—particularly newer ones—build higher-margin sidelines into their business models…... Continue reading at Literrary Hub

[ Literrary Hub | 2021-04-12 14:51:07 UTC ]
More news stories like this


Tattered Cover to Open Children's Bookstore in Denver Suburb

This summer, Tattered Cover Bookstore will open a children's bookstore in Aurora, Colo., a Denver suburb. The new bookstore will be Tattered Cover's fifth outlet and its first children's specialty bookstore. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-04-08 04:00:00 UTC ]
More news stories like this


I Work in a Bookstore. Why Am I Still Shelving “Mein Kampf”?

When Dr. Seuss Enterprises announced it would no longer be publishing six of Dr. Seuss’s books which have aged problematically, the bookstore I work at in Scranton, Pennsylvania had a flurry of very concerned customers. People were coming up with stacks of his books along with an... Continue reading at Electric Literature

[ Electric Literature | 2021-04-07 11:00:00 UTC ]
More news stories like this


US Book Industry Charitable Foundation Raises $1 Million for Bookstores

Ingram Content Group seeds Binc's 'Survive to Thrive' bookstore grant program, with additional major support from publishers and Bookshop.org. The post US Book Industry Charitable Foundation Raises $1 Million for Bookstores appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-04-01 14:26:57 UTC ]
More news stories like this


Show Your Nerd Pride With These Bookstore Pins

10 swoon-worthy bookstore pins that'll show off your nerd cred -- and make you want to hit your local indie ASAP. - Kelly Jensen Continue reading at Book Riot

[ Book Riot | 2021-03-30 10:38:00 UTC ]
More news stories like this


Tuning into Radio You: A Conversation with Writer-Songwriter Ellen Adams, by Wendy Call

Interviews   Ellen Adams is a singer-songwriter and prose writer who splits her time between Seattle and Montreal. She has been a Lambda Literary Fellow for nonfiction and a Fulbright Fellow researching politically engaged contemporary art in Thailand.... Continue reading at World Literature Today

[ World Literature Today | 2021-03-29 13:25:33 UTC ]
More news stories like this


Finalists Named for Bookstore and Rep of the Year

The five finalists for 2021 Bookstore of the Year reflect the changes that have taken place in the ways that bookstores serve their communities and the increasing role of activism in bookselling today. The five finalists for Rep come from commission groups, Ingram, and the Big Five. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-03-23 04:00:00 UTC ]
More news stories like this


Independent bookstore owners look back at a year spent trying to stay afloat. Not all of them succeeded.

Bouncers, hand deliveries and debt became the new reality for shop owners across the country. Continue reading at The Washington Post

[ The Washington Post | 2021-03-15 12:00:00 UTC ]
More news stories like this


How We Planned Our Very First Virtual Bookstore Event in a Matter of Hours

One of the biggest books of this past plague year was Erik Larson’s The Splendid and the Vile. The success of the book is no surprise, Larson’s books are perennial bestsellers and he’s a hell of a storyteller. But the core narrative, the perseverance of the British people in the face of Nazi... Continue reading at Literrary Hub

[ Literrary Hub | 2021-03-12 09:50:38 UTC ]
More news stories like this


Moe's Booksellers Unionize

Employees at Moe’s Bookstore in Berkeley, Calif. announced that they have formed a union and joined the International Workers of the World (IWW). Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-03-11 05:00:00 UTC ]
More news stories like this


18 books that capture the spirit and essence of living in D.C.

These works, recommended by local authors and bookstore owners, remind us just how special Washington is. Continue reading at The Washington Post

[ The Washington Post | 2021-03-04 15:43:50 UTC ]
More news stories like this


What’s the most-filmed bookstore in the world?

There’s something thrilling about watching a movie or a TV show and finding that you recognize the characters’ surroundings— that you have stood on that street corner or peered into that shop before the characters, before that story begins. As someone who has been basically nowhere, I find it... Continue reading at Literrary Hub

[ Literrary Hub | 2021-02-26 20:13:15 UTC ]
More news stories like this


Farewell to Ferlinghetti

In the middle of the pandemic, City Lights bookstore is still open and it’s thriving. But yesterday it said goodbye to its eternally hip hundred-and-one-year-old cofounder, the poet, publisher, and community activist Lawrence Ferlinghetti. Continue reading at The Paris Review

[ The Paris Review | 2021-02-24 15:21:05 UTC ]
More news stories like this


My Two Favorite Bookish Places in Seoul

Grow your future travel wishlist with a quick tour two bookstores in Seoul: its oldest bookstore as well as an underground bookstore. Continue reading at Book Riot

[ Book Riot | 2021-02-24 11:38:00 UTC ]
More news stories like this


Lawrence Ferlinghetti obituary

Poet whose outlook spanned anarchism, ecology and small business, as founder of the City Lights Bookstore in San FranciscoLawrence Ferlinghetti, poet, artist, activist and founder of San Francisco’s famous City Lights Bookstore, who has died aged 101 of interstitial lung disease, was the least... Continue reading at The Guardian

[ The Guardian | 2021-02-23 22:42:13 UTC ]
More news stories like this


Lawrence Ferlinghetti, Poet Who Nurtured the Beats, Dies at 101

An unapologetic proponent of “poetry as insurgent art,” he was also a publisher and the owner of the celebrated San Francisco bookstore City Lights. Continue reading at The New York Times

[ The New York Times | 2021-02-23 20:23:41 UTC ]
More news stories like this