Quote:
Originally Posted by chowhou
Hotels are short term rentals. We've just decided they're legal when operated by a dedicated corporation, but illegal when individually operated. Don't die on this hill. It's silly to pretend that hotels are not accommodation rented for less than 30 day periods, usually to tourists, at rates significantly higher than normal apartment rent. C'mon. Even the rezoning application explicitly states that they're building "short-term stay" units.
Now, new hotels are being built when new housing could have been built. Hence. The market adapts to individually operated short term rentals being restricted by investing in corporate operated short term rentals that can't easily be converted into housing. That is a damn shame. After all, aren't you the guy always making excuses for why development is slow because there isn't enough construction capacity?
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So you don't want developers to build hotels, just housing. Is retail ok? Office space? Industrial buildings?
You're not understanding the application. It's for both short term stay and long term stay units. In other words, it reads as if it's like the Listel or the Hotel Blu, a mixture of hotel units and long stay rental units. And probably more than the boutique residential tower that the developer had already clearly abandoned.
And in the meantime you seem to want to ignore the extra units that have become available for residents to live in as a result of the changes to the rules about short stay accommodation.
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