Hotel union deal puts NYC owners on notice

This week, New York’s hotel industry agreed to one of the richest labor deals in the city’s hospitality history. Owners are already bracing for the bill. The Hotel and Gaming Trades Council reached a tentative eight-year contract with hotel operators covering nearly 30,000 workers across more than 250 properties in the five boroughs. The deal, announced ahead of the union’s June 30 contract expiration, would raise wages by more than 50 percent on average over the life of the agreement and put housekeepers on track to earn more than $100,000 annually by the sixth year. The contract still requires ratification, […] This article originally appeared on The Real Deal. Click here to read the full story.