Scuttlebutt. Do with it what you will:
- I have heard that Regent has stalled out. I think it will be tough to get anybody to invest in a hotel tower in SLC until the CCH gets fleshed out. Too high potential for a wild swing in the hospitality market until that settles, hence all the mid size hotel stuff in SLC right now. Banks have become shy on hospitality recently world wide and it would be very risky to lend on a tower knowing that CCH could drop almost concurrently and with healthy subsidies. This is also why the Holdings have fought tooth and nail against CCH.
- "Ink is dry" on the Crawford group's (
Sage Hospitality) Gateway boutique hotel at the Union Pacific Depot. Nameplate is unknown but it is described as "4.5 Stars" and will, as speculated here, involve two ten story brick towers and about 110 keys. One contingency remains: ongoing TIF negotiations with the taxing entities. I think that's doable. If you haven't seen what these guys do, click that link. They only do really cool stuff. They are bringing "Snooze", the stellar breakfast concept from Denver Union Station along with them.
- Live Nation closed on the acquisition of United Concerts. Not clear if the the branding of The Depot will change to House of Blues (Live Nation owns that too) but I'm told the concert venue will stay at UP Depot. Ironic given HOB was the original nameplate for the Depot .