Quote:
Originally Posted by RyLucky
I agree. Calgary has some astronomical year-round hotel prices. Weekdays cost more than weekends, which is good for hotels. Most visitors are on business, which is good for hotels. Convention and event space is in high demand, which is good for hotels. On the demand side, all factors seem to be ripe.
Given that the American Hotel industry was one of the hardest hit in the 2009 downturn, I wonder if hotel chains have been too short of capital to take a risk in Calgary over the past few years.
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That's a good point ... I believe that once one or two of these hotels actually get going that other will follow suit - that may be until those initial one or two are operational to illustrate the demand and market is existent in Calgary
I really hope Clubsport goes ahead as planned once the Enoch Sales house is moved, that's one hotel I am hopeful for that will start this year
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