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And you thought we were in the middle of a recession! Notwithstanding the fact that existing hotels are having a very difficult time filling rooms—your wealthy uncle can now stay at the Ritz Carlton for less than $300 a night—a company just filed plans to construct a 19-story hotel on Ann Street in Lower Manhattan. Bravo, "107 W Broadway Realty Corp." We salute you for your courage and confidence. [NYO]