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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST
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To: TobagoJack who wrote (55145)9/18/2009 4:53:21 AM
From: energyplay  Read Replies (1) of 217739
 
Is 20 hotels the fast track to being over built, or still not enough ?

New York went through a period where there were too many new hotels (late 1980s ?), just a few years later, there weren't enough rooms, rates rose, then rose some more, and they all made good money until 9/11.

After the first "too many hotel rooms" scare, the only hotels built were small boutique hotels - no one wanted to take big risks.

That was true until the Millenium Hotel was build.

So there were about 7 to 9 years of very good returns, with about 3-4 of those years being sky high profits.
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