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"

A Year in Reading: Farooq Ahmed

When I was young my parents enrolled me in a speed-reading course, which was held in what felt like the basement of a used bookstore on a former main street in a town just west of Kansas City. The post A Year in Reading: Farooq Ahmed appeared first on The Millions. Continue reading at The Millions

[ The Millions | 2020-12-16 16:00:11 UTC ]
More news stories like this

Denver Indie Bookstore Launches BookBar Press with Debut Release

Independent Denver bookstore BookBar has launched its new publishing division, BookBar Press, with the publication of an anthology of micro-plays written by area playwrights. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-12-15 05:00:00 UTC ]
More news stories like this

Denver's Tattered Cover Bookstore Is Now the Largest Black-Owned Bookstore in the U.S.

Denver's iconic Tattered Cover Bookstore, which has been owned by Len Vlahos and Kristen Gilligan since 2015, has been sold to two entrepreneurs and Denver natives, Kwame Spearman and David Back. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-12-09 05:00:00 UTC ]
More news stories like this

Why I Bought a Bookstore at 29

My local bookstore is long, narrow, and outlined in wooden bookshelves. It’s wedged in an old Victorian building that sits across from the Salish Sea, where orcas, seals, and otters are frequently sighted. It smells like paper and salt water, and holds some 3,000 titles that reveal to tourists... Continue reading at Literrary Hub

[ Literrary Hub | 2020-12-07 09:49:19 UTC ]
More news stories like this

NYC radical bookstore Bluestockings is back—and they need your help.

YES! The volunteer-run, collectively owned radical bookstore and activist center Bluestockings is reopening in a new location after shutting down over the summer and fall. In July, Bluestockings announced they were shutting down their original location at 172 Allen Street for both pandemic and... Continue reading at Literrary Hub

[ Literrary Hub | 2020-12-03 16:23:15 UTC ]
More news stories like this

12 new books to get from your local bookstore today.

In the mood for a little holiday shopping? You know what they say: November is the new December! Who says that? Independent bookstores that need your support now! So here are a dozen new books hitting shelves today. Go forth! * Ernest Cline, Ready Player Two (Ballantine) “This sequel, nine years... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-24 12:39:52 UTC ]
More news stories like this

What do President Barack Obama and Rachel Bloom have in common?

We’ve got a star-studded stack of new books today, folks! To name a few: President Barack Obama’s memoir, Crazy Ex-Girlfriend creator and star Rachel Bloom’s musings, Julia Child’s culinary wisdom, and Steve Martin’s cartoon pigeons (???). You can get them all at your local bookstore today! *... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-17 15:30:14 UTC ]
More news stories like this

Oprah's Interview with Obama Airs on Publication Day

Oprah Winfrey's interview with Barack Obama premieres on Apple TV+ on Tuesday morning, just as copies of the hotly anticipated former president's memoir lands on bookstore shelves around the world. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-16 05:00:00 UTC ]
More news stories like this

Republican election denialism isn’t scary or funny or pathetic. It’s all of the above.

Yesterday, as senior Republican officials continued to indulge President-unelect Trump’s election fantasies, his claims of widespread voter fraud continued to be baseless, and reporters continued to point that out. Republicans in various states have made mountains out of procedural molehills and... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-11-11 13:19:27 UTC ]
More news stories like this

21 new books to buy from your local indie today.

You know what they say: November is the new December! When’s the best time to support your local bookstore and get holiday gifts? Well, there’s no time like the present. (Get it?) (I’m sorry.) (But seriously, support your favorite indie and check out these new books!) * Jonathan Lethem, The... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-10 19:44:02 UTC ]
More news stories like this

Read one bookstore owner’s impassioned call to help all independent bookstores.

As COVID cases surge to record numbers and Republicans flirt with a paper coup the future of the nation’s bookstores remains perilous. Yes, we all have a lot to worry about—but if you care about that unwieldy, amorphous thing called literary culture, please spare a moment (or a dollar) to... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-10 16:14:32 UTC ]
More news stories like this

Biden wins, but Trump—and division—aren’t going away

CNN’s election-count coverage ended as it began: with Wolf Blitzer all excited. “After four long, tense days, we’ve reached a historic moment in this election,” he said. “We can now project the winner of the presidential race.” One thrumming musical interlude later, the network reported that... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-11-09 12:59:12 UTC ]
More news stories like this

See inside one of the world’s most beautiful bookstores

Dujiangyan Zhongshuge is the latest bookstore designed by X+Living, and it’s stunning. The very best books transport you to another world, and the most magical bookstores help make that a reality. Chinese bookseller Zhongshuge is renowned for its stunning bookstores, and its latest outpost, in... Continue reading at Fast Company

[ Fast Company | 2020-11-02 08:00:34 UTC ]
More news stories like this

WATCH: Tiny Nightmares: Very Short Stories of Horror

Welcome to the virtual book launch of Tiny Nightmares: Very Short Tales of Horror, brought to you by The Antibody Reading Series in collaboration with WORD Bookstore (buy from the bookstore here). Tonight’s guests include editors Lincoln Michel and Nadxieli Nieto, along with contributors Meg... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-29 23:30:17 UTC ]
More news stories like this

Are bookstores essential businesses? In France, they’re making the case.

As Europe goes back into pandemic lockdown French bookstores are making the case to remain open, despite the fact bars and restaurants will be closing. Citing fears of increasing “cultural isolation” bookstore associations are joining with publishers to demand classification as essential... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-29 16:15:27 UTC ]
More news stories like this

16 new books to buy from your local indie bookstore this week.

With Halloween fast-approaching, I feel the need (along with every other person on the book internet) to remind you that one of the scariest things imaginable might happen: your local indie bookstore might close. Their fate is in your hands. Go on and pick up one (or two or three) of these new... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-27 13:16:05 UTC ]
More news stories like this

Column: America's oldest children's bookstore is struggling in the pandemic. But there's hope

Jimmy Fallon, local authors and devoted regulars are rallying to help Once Upon a Time in Montrose — the country's oldest kids' bookstore — survive the pandemic that has destroyed so many small businesses. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-10-27 12:00:02 UTC ]
More news stories like this

How an Agency Cut Through ‘Purpose Clutter’ With Its Bookstore Campaign Trolling Amazon

In this David-versus-Goliath battle, mom-and-pop bookstores wrapped themselves in Amazon's familiar brown cardboard as a protest against the retail giant and a plea to shop local. The Instagram-ready stunt, with Amazon lookalike boxes covered in sick literary burns and topical quips, came... Continue reading at AdWeek

[ AdWeek | 2020-10-19 20:06:41 UTC ]
More news stories like this

A bookstore that dwells in darkness, literally.

How does one browse in a dark bookstore? Picture row upon row of faced-out books lit like tiny billboards floating in an inky black room, small candle lit café tables as little islands of light between hundreds of glowing covers… That’s basically the scene at Wuguan Bookstore in Kaohsiung,... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-19 15:08:32 UTC ]
More news stories like this