Quote:
Originally Posted by Geographer
Is it safe to assume the following proposed hotels will be delayed?
CitizenM hotel
Motto Hotel by Hilton
Cambria Hotel on Rainey
12th and Red River Hotel
Fairfield Inn and Suites on Rainey
What about the Convention Center and airport expansions? The convention business and air travel are going to be way down for several months.
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I wouldn't be too quick to call all of these projects delayed or dead. Yes, the economy will take a hit, but it's not due to fundamental problems in the economy. It's a sudden hiatus in demand due to a public health issue. Plus, money is super cheap to borrow and there are no liquidity issues with the major banks.
This is not like anything we've ever seen in modern history. Once the virus issues work their way out, we could see things snap back fairly quickly because of pent up demand. We don't know.