Did De Niro's Greenwich Hotel Pick a Bad Time?

The Wall Street Journal's Laura Landro drops by for a review of the Greenwich Hotel in Tribeca, co-owned by none other than Bobby De Niro. Ms. Landro seems rather impressed by it all ("We gave high marks to the comfy Dux bed, the marble bath with its Moroccan tile floors, dual-head shower... and short but deep soaking tub, and the room's large high-definition TV... Our higher-end room was spacious by the standards of many downtown hotels with rooms the size of closet") but questions whether the timing of its debut, through no fault of the hotel's, was a little off.

It opened in April, just after the Bear Stearns collapse and a few months before the financial calamity erupted next-door in the Financial District.

On a recent midweek evening amid the financial meltdown on Wall Street, things were a lot more sedate, with few guests in evidence. Now, with the threat of global recession, it may be tough to attract the foreign visitors and expense-account clientele that have made New York a boomtown for such high-end properties in recent years. The Greenwich's $6,500-a-night duplex suite and a still-unfinished 2,500-square-foot penthouse with a roof hot tub could be a tough sell.

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