Take a look at the Crain's article today [[I can't access it to post). It discusses the need for a 500 room hotel for convention business but the prohibitive cost per sq. foot compared to smaller properties.Do you think these boutique hotels get announced if the Crown Plaza 2nd tower goes through? Personally I'd rather have 5-6 100 room hotels than 1 500 room hotel, especially when we're talking about quality infill rather than another tower on the Crown Plaza concrete podium.
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