Quote:
Originally Posted by delts145
Denver Infill, we will have to assume your unaware of the plot of land we are now discussing. The Shilo plot has now been rumored as a very strong possibility for the hotel's location. If the Shilo Inn site is the location, then Salt Lake City's CCH will definitely not be a Phoenix or Denver style wall. There will be no choice but to go vertical, if the Shilo lot is used for a 1000+room hotel. The last thing Salt Lake City wants is an elongated wall of windows in it's growing skyline. Some would prefer to go vertically at a more measured pace, and have two large, but slender 400-500 footers. Perhaps a hotel on the Shilo site and one on the RWP or close to site. Whatever the case, we're pretty confident that the city leaders won't make the mistake of allowing a visual disaster like the Phoenix CCH.
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I see. I know you guys have been debating or speculating on a number of sites, but I wasn't thinking about that site in particular.
The problem with a slender hotel tower is the cost. They are just not as efficient as an elongated floor plate, and every floor added makes the project just that much more expensive. The CCH projects I mentioned are all generally in the $350 million range. I would think to do a 1,000-room hotel in, say, a 45-story, 600-foot+ slender point tower could go well above $400 million.
I think one of the reasons why you see these CCH hotels with the elongated slab form is because these CCHs are often public funded or subsidized to some degree and, therefore, there is political pressure to not bust the budget on a substantially more expensive point-tower design.
It will be interesting to see how this develops!