Park Terrace Hotel Salary

How much does the Park Terrace Hotel Pay for employees?

As of August 2026, the average annual salary for employees at Park Terrace Hotel in the United States is $105,944. This translates to an approximate hourly wage of $51. Salaries at Park Terrace Hotel typically range from $93,047 to $120,110 annually, reflecting the diverse roles and experience levels within the company. Park Terrace Hotel’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Park Terrace Hotel Pay for Different Roles?

Explore detailed salary information for specific jobs at Park Terrace Hotel. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Park Terrace Hotel

Ready for your next career move? Explore current job openings at Park Terrace Hotel. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Park Terrace Hotel’s Pay Competitive? Salary Benchmarking Analysis

How does Park Terrace Hotel’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Park Terrace Hotel
Hospitality & Leisure
Hotel Lucent LLC
Freepoint Hotel
Industry Comparison
Our data shows that, on average, compensation at Park Terrace Hotel is below the average for the U.S. Hospitality & Leisure industry by approximately 14%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Park Terrace Hotel average annual salary with several similar companies. Park Terrace Hotel average salary of $105,944 is lower than Hotel Lucent LLC, which has an average salary of $110,554. It is higher than Freepoint Hotel, with their average salary at $99,373. This places Park Terrace Hotel in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

Employee Reviews: Working at Park Terrace Hotel

Considering a career at Park Terrace Hotel? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The work environment is energetic, and the team feels like family. While the role isn’t overly exciting, it’s stable and provides a steady income. The company also organizes team-building activities that foster a strong sense of community. The benefits package is competitive, including health coverage and employee discounts.
The leadership team is inspiring and genuinely cares about employee well-being. I’ve worked in hospitality for several years, and this company is one of the best I’ve been part of. Compensation is fair, and the benefits meet expectations. Management truly values employee feedback. I love working here.
Team collaboration is strong. Benefits like paid time off are appreciated. The workplace culture is professional, and communication from leadership is clear. It’s a standard workplace with clear expectations.

Park Terrace Hotel Overview

Website
www.parkterracehotel.com
Founded In
2013
Employees
<25 employees
Industry
Hospitality & Leisure
Headquarter Address
18 W 40th St New York City New York NY 10018
Revenue
<$5 Million
Phone Number
+1 2127816400
Social Media
About Park Terrace Hotel
Park Terrace Hotel is a welcoming base for your city adventures. With interiors designed by Stonehill Taylor, the hotel takes inspiration from its Bryant Park location with colors of nature in décor that both soothes and invigorates. Park Terrace Hotel features 226 guest rooms, a gym with sauna, four conference spaces, and the Terrazzo Lounge- an indoor/outdoor cocktail lounge.

What Benefits Does Park Terrace Hotel Offer Beyond Salary?

A competitive compensation package is more than just a salary. Park Terrace Hotel offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Park Terrace Hotel.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Park Terrace Hotel, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Park Terrace Hotel salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Park Terrace Hotel

1. What is the typical salary range (low to high) for most roles at Park Terrace Hotel?

The typical annual salary range for most roles at Park Terrace Hotel is approximately from $93,047 to $120,110. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Park Terrace Hotel pay compared to Hotel Lucent LLC?

The average annual salary at Park Terrace Hotel is $105,944, or an hourly wage of $51, in comparison to Hotel Lucent LLC which pays $110,554 per year or $53 per hour.

3. Do salaries differ significantly between departments at Park Terrace Hotel?

Yes, salaries often differ between departments at Park Terrace Hotel due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Park Terrace Hotel?

Experience level is a significant factor in determining salary at Park Terrace Hotel, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Park Terrace Hotel in New York is fair given the local cost of living?

To determine if a salary offer from Park Terrace Hotel in New York is fair, first compare the gross salary to our data for similar roles at Park Terrace Hotel and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for New York" to understand its purchasing power.

6. What are the key factors that influence salary levels at Park Terrace Hotel?

Several key factors influence salary levels at Park Terrace Hotel. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Park Terrace Hotel likely benchmarks its salaries against other companies in the Hospitality & Leisure sector. You can explore how these factors play out in our detailed salary data.