Quote:
Originally Posted by wwmiv
You don’t think it’s probably here to stay for awhile (30-50 years)?
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TBH, you’re probably right. Hotels have a bad habit of overstaying their welcome, even after umpteen rounds of renovations and/or brand changes. The thing that gives me pause is how valuable the land is, and will continue to become. At some point I’d guess that it would make sense to knock it down and build a tower with a Hyatt Place AND 300 condo units. Or office. Etc.
FWIW I feel the same way about the Courtyard a couple blocks away. A super valuable half-block property that’s only about 10 stories tall. You could quintuple the height and make millions on condos with a park view and great transit accessibility and still have a Courtyard included in the build.