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JUNE 30, 2010 Reported by Kelly Nealis, ULI New York Young Leaders Group Despite numerous challenges, New York’s Ace Hotel, which opened last year, has been a large success, enjoying both growing popularity and healthy returns. Among these challenges were the hotel’s location at the corner of 29th Street and Broadway, a then-unproven and still nameless neighborhood, and a beautiful but complex building, which housed more than 300 residents at the time of purchase and 58 room types. However, these supposed obstacles seem to have not mattered much. In fact, … Read More