Quote:
Originally Posted by fuller
Somewhere, SOMEBODY must have had a good experience with that guy. But I don't think I've heard that story yet.
Actually, it's rather hard to find any sort of commentary on him, which seems surprising considering his long pedigree.
By now I would have expected a couple good books on the subject, but there's nobody interested in writing it? I understand why current owners might hesitate but what about all those people who no longer have a connection to him or any of his various creations/eccentric visions.
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Look at is track record starting way back.
1 King west, where owners were essentially screwed by him. It was a condo style hotel, and got crushed in valuations and cash flow. He went bankrupt there and came to Hamilton.
He did initially buy the Royal caughnaught and had to sell it off after that didn't work. He had another hotel that didn't work. For some reason he always wants to be a hotelier, and tried to bring that into every project. Stinson may be the only one he will complete in Hamilton and that was with a lot of issues.
He has vision but no business plan or execution.