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Can NYC's Laundry Industry Survive The Pandemic?
Mar 25 2020
Yaakoub Hijazi has not only protected his father’s legacy, but also he’s built the business into a powerhouse in the tight-knit world of hotel launderers in New York. Today, Star Laundry cleans sheets and towels for more than 100 of the city’s roughly 800 hotels, including the Conrad New York and the W Times Square. Based on Forbes’ estimates, it handles as much as 40% of the laundry generated by the city’s hotels, bringing in some $70 million a year in revenue. Add in Hijazi’s other ventures, including real estate in New Jersey and linen manufacturing in Benin, Africa, and his group’s annual revenue is closer to $120 million.
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