Quote:
Originally Posted by Hot Rod
Time for more hotels to be built. I'm certain that Vancouver could benefit with several more thousand hotel rooms and brands currently not downtown....
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Quite the list! Would be nice to get some... I would be thrilled to see either a Conrad, Hilton or Doubletree downtown.
However, you are right, when conditions get like this, development is spurred. I used to have quite a few hotel clients back in the day and, just like the airline traffic into YVR, Vancouver is still very seasonal. Hotels make all their money May-September. Throw in a few break even months and a few loss months, still decent overall results for the year as a whole. Makes for some very careful cash flow planning.
You have a ? about a Hilton under construction? Please say this is true. Even the Hampton Inn downtown is asking for outrageous $$$. $479 for a Hampton Inn??
A Ritz Carlton was in the cards but that fell apart. I believe that is where Trump is now building.