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 ]

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Your Week in Virtual Book Events, Oct. 12th to 18th

Books Beneath the Bridge: Greenlight Poetry Salon Monday, October 12, 7pm EDT For the eighth season of Books Beneath the Bridge, a literature series hosted by the Brooklyn Bridge Park, Greenlight Bookstore will be hosting a virtual edition of their quarterly Poetry Salon, hosted and curated by... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-12 10:00:38 UTC ]
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How One Book Biz Insider Is Getting Books to Prisoners

W.W. Norton's Liveright imprint publicity director Peter Miller moonlights as a bookstore owner in Brooklyn—and he's working with Books Through Bars to get books into the hands of the imprisoned. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-10-09 04:00:00 UTC ]
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Op-Ed: Buy from your independent bookstore now — or you may never be able to again

Vroman's Bookstore is just one of many independent bookstores in danger of closing as a result of the pandemic. It's not too late to save them. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-10-05 10:00:03 UTC ]
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A Bookstore as Tough as New York City Itself

Book Club, an indie on Manhattan's Lower East Side, was only open for a few months before the pandemic hit. Since then, its owners have gotten creative, and are raising the store’s profile. Here's how. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-10-02 04:00:00 UTC ]
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Would you find this bookstore beautiful or terrifying? Or both.

Well, beautiful might not exactly be the word—perhaps disquietingly arresting? Chinese architecture firm x+living seems to be channeling the synaptic afterimages of Borges’s brain in their dizzying design for a bookstore in the city of Dujiangyan, in the southwest of China. The almost manic use... Continue reading at Literrary Hub

[ Literrary Hub | 2020-09-23 13:51:18 UTC ]
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Book Revue: A Bookstore For Everyone

Take a tour of an independent bookstore and community hub, Book Revue, the largest independent bookstore on Long Island. Continue reading at Book Riot

[ Book Riot | 2020-09-23 10:38:00 UTC ]
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An Australian bookstore will stop stocking books by J.K. Rowling.

Australia has spoken, and J.K. Rowling is out. Rabble Books & Games in Maylands, Australia, said earlier this week that the store would stop stocking her books due to this, this, or this, all of which, it’s not so wild to presume, have already impacted her book sales. “We are always trying... Continue reading at Literrary Hub

[ Literrary Hub | 2020-09-17 19:06:37 UTC ]
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Brentwood's Diesel bookstore launches a GoFundMe as more stores struggle through pandemic

Beloved L.A. bookstores like Diesel are turning to fundraising platforms to survive the financial blows dealt by COVID-19. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-09-14 20:54:38 UTC ]
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Margaret Atwood on her virtual 'Testaments' tour wardrobe, totalitarianism and Trump

Ahead of a Chevalier's bookstore talk with Bradley Whitford, the "Handmaid's Tale" author talks about Ann Dowd, Zoom-worthy tops, dystopia and elections. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-09-14 14:00:45 UTC ]
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How Bookstore Unions Are Stepping Up

No single event has wiped out more bookselling jobs in the modern era than the Covid-19 pandemic. Few booksellers have any job protections—that is, unless they have a union. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-11 04:00:00 UTC ]
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Baltimore’s Inner Harbor Barnes and Noble to close Saturday

The Barnes and Noble bookstore at 601 E. Pratt St. at Baltimore's Inner Harbor will close Saturday, according to a sign posted at the location. Continue reading at Baltimore Sun

[ Baltimore Sun | 2020-08-25 17:48:42 UTC ]
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A Century of Shakespeare and Company

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[ Book Riot | 2020-08-21 10:37:00 UTC ]
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How to open a bookstore during a pandemic: Prepare for delays and lots of cleaning.

Timing is everything, but during the pandemic, it largely hasn’t been on the side of businesses. So I was recently surprised to see The Strand, whose iconic storefront in Union Square attracts thousands of visitors a year, opening a new branch in my neighborhood last month—and in a space where,... Continue reading at Literrary Hub

[ Literrary Hub | 2020-08-12 19:56:27 UTC ]
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Iconic Lower East Side bookstore Bluestockings has found a new home!

Beloved NYC bookstore Bluestockings—long a fixture on the Lower East Side—has found a new home. This will come as a relief to downtown book-lovers who worried the iconic feminist bookstore was closing for good due to both pandemic woes and the threat of increased rent (in a pandemic 😬). After a... Continue reading at Literrary Hub

[ Literrary Hub | 2020-08-10 15:01:45 UTC ]
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A Bookstore That Shines as ‘a Lighthouse of a Free Society’

A Hong Kong bookseller has recreated his shop in Taipei, and it has become a symbol of Taiwan’s vibrant democracy. Continue reading at The New York Times

[ The New York Times | 2020-08-09 07:00:10 UTC ]
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It Takes Many Voices to Find the Truth

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[ Literrary Hub | 2020-08-06 08:49:19 UTC ]
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Amid a virus surge and government repression, Hong Kong’s oldest bookstore is closing.

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[ Literrary Hub | 2020-07-29 18:53:00 UTC ]
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She dreamed of a Black-owned bookstore in Inglewood. Now, she's going to run one

As a child, Asha Grant didn't know where to find books about people who looked like her. Next year she'll open that place, the Salt Eaters, in Inglewood. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-07-23 14:00:39 UTC ]
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Greenlight Bookstore is pledging to improve treatment of Black employees and customers.

The owners of Greenlight Bookstore, which has two Brooklyn locations, came forward this week to take responsibility for “negative experiences of Black customers and employees in our stores” with a commitment to improving. In an open letter published Wednesday, co-owners Rebecca Fitting and... Continue reading at Literrary Hub

[ Literrary Hub | 2020-07-10 16:24:01 UTC ]
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The Most Anticipated Debuts of the Second Half of 2020

There’s no doubt COVID-19 has forever changed the world as we know it. A small slice of life that had to shift trajectory is the publishing industry. Debut authors are especially struggling as the books they have worked on for countless years are released into a world without in-person book... Continue reading at Electric Literature

[ Electric Literature | 2020-06-30 11:00:00 UTC ]
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