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Old Posted Oct 1, 2020, 12:58 PM
allovertown allovertown is online now
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Join Date: Sep 2013
Posts: 993
Where this hotel is actually located in NYC and whether or not it is a desirable location is honestly irrelevant. The important factors are the room rates and # of rooms, which according to 3rd&Brown are comparable, and the cost to build each hotel, which was apparently more than 2x as expensive for the NYC hotel.

If these facts are correct, then construction costs are not the burden some developers make them out to be and the excuse for the terribly value engineered southern wall of this project is non - existant.
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