Quote:
Originally Posted by Tornado
Their target day for opening previously was 2023 so still plenty of time.
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True. But Palm Springs, Atlanta and Dallas all have (had) target openings of 2023.
I wouldn't be surprised if COVID made them rethink their expansion plans (possibly delay it slightly). It was pretty bullish prior to COVID.
If this project is not already financed, it might be challenging finding it since it is a hotel and capital for hotels is pretty difficult to find right now (due to uncertainty in the industry and how long it will take to fully recover). Additionally, this is a luxury product - making it even harder...
To meet a 2023 opening, they would have to start construction next year.