Originally Posted by
miranda33
The hotel is own by billionaire tycoon and by selling half of the hotel rooms as residence at a price slightly lower than soon to be open four season kl residence in 2017, they already recovered a big portion of their investment cost. So, whether to charge at usd 260 or lower, it doesn't mean much to them, guys.
Oh I see.
On that basis, why are we even talking about the merits of the hotel? Because apparently it makes no difference to the owner anyway.
Actually, the more expensive, the better. If you don't think is worth it or cant afford, they will always be other people willing to. Their target market might even be the generous wealthy Asians.
A most strange observation. Rich people may be less sensitive to price, but they would most certainly insist on top notch standards. You've already spent 15 minutes (apparently) explaining to us a hundred different ways in which it falls far short of that goal. So do enlighten us, why will the "target market" care whether it costs $260 or $2600, when - even by your own account - it is so far away from delivering what their competitors are already doing so well?
Most of the hotels that were mentioned are old except for GH. I think the only competition will be FS when opened in 2017 and I doubt the rates will be lower than this. Just my 2 cents.
Maybe the FS opening will be a bit less of a botched job than this, however
Also, if anything I would argue that a highly regarded and well managed older hotel would be far more attractive to the majority of the wealthy clientele over a new property which clearly has not even gotten the basics right. But hey, that's just my opinion.