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Order #54 – Hotel guidelines for leases commencing between October 1, 2024 and September 30, 2025
2024 Hotel Order #54 (pdf)
2024 Hotel Explanatory Statement #54 (in pdf only)
NEW YORK CITY RENT GUIDELINES BOARD
2024 Hotel Order #54
June 17, 2024
Order Number 54 – Hotels, Rooming Houses, Single Room Occupancy Buildings and Lodging Houses. Rent levels to be effective for leases commencing October 1, 2024 through September 30, 2025.
NOTICE IS HEREBY GIVEN PURSUANT TO THE AUTHORITY VESTED IN THE NEW YORK CITY RENT GUIDELINES BOARD BY THE RENT STABILIZATION LAW OF 1969, as amended, and the Emergency Tenant Protection Act of 1974, as amended and implemented by Resolution No. 276 of 1974 of the New York City Council, and in accordance with the requirements of Section 1043 of the New York City Charter, that the Rent Guidelines Board hereby
adopts the following levels of fair rent increases over lawful rents charged and paid on September 30, 2024.
APPLICABILITY
This order shall apply to units in buildings subject to the Hotel Section of the Rent Stabilization Law (Sections 26-504(c) and 26-506 of the N.Y.C. Administrative Code), as amended, or the Emergency Tenant Protection Act of 1974 (L.1974, c. 576 §4 [§5(a)(7)]). With respect to any tenant who has no lease or rental agreement, the level of rent increase established herein shall be effective as of one year from the date of the tenant’s commencing occupancy, or as of one year from the date of the last rent adjustment charged to the tenant, or as of