iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,558 Blog Posts

For the Love of Money: Assholes Running Tommie Hotels Bring Prison Cell Sized Rooms to the Big Apple

What exactly is the motivation behind subjecting people to settling for less? I understand the concept of profits and can appreciate most business models like the next man. But this new trend in hotels which includes ‘micro rooms’ seems a bit dreary, almost Orwellian, to me.

A few assholes, who operate hotels under the Tommie brand, want you to pay $199 to $350 (maybe more) for rooms that barely fit a bed in it.

The partners are squeezing 575 rooms, each no more than 165 square feet (15 square meters), into the two buildings in an effort to maximize profits in a market where high land costs and a surge in room supply are eroding operators’ pricing power and eating into developers’ returns. This year through June, average nightly room rates in New York City fell 3.3 percent from the same period in 2015 to $237.93, and revenue per available room — a performance metric used by the hotel industry — dropped 3.2 percent, according to lodging-data firm STR.

The only reason why anyone in their right mind would do this, pack humans into a building like sardines or living batteries like in the Matrix, is because of greed. Why build 250 normal sized rooms when you can build 575 pods and charge the same price?

Fuck these guys. I recoil from this.

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6 comments

  1. halfbloodpope

    To the youthful and open-minded, tommie is a lifestyle micro hotel brand designed to unleash the potential of every interaction, every moment, and every square foot.

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  2. halfbloodpope

    “We’re lovers of the stuff that makes new happen—and our micro hotels are born from their surrounding neighborhoods as incubators of ideas, collaboration and exploration. Each space offers a deft mix of personal touches so you can author your own experience. To customize your space with inspired aesthetic elements like posters, flowers, curios and blankets. To reveal (and revel in) your potential. And to share cutting-edge perspectives with visiting cultural influencers, artists and entrepreneurs.”

    hilarious

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  3. dchanko

    You are kidding? Is that really what the promotion states?

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  4. the dude

    Yotel has been in town doing this for years already. Robotic arm checks your luggage. ATM checkin. Awesome rooftop bar. Popular with international milennials. And probably bigger than the home bedrooms of people from Japan.

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  5. chuckem

    I worked for this group some time ago and found them to be delusional. Everything low end.

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  6. uglyflint

    Micro apartments are the future of urban living. Brought to you by our fearless progressive leaders such as BO. You didn’t build that, you use too much air conditioning , etc.

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