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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (55145)	9/18/2009 4:53:21 AM
From: energyplay	Read Replies (1) \| Respond to of 217700

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.