Originally Posted by
antonius66
I am often mystified by hotel decisions. They need TWO hotels at SFO but cannot find the demand to acquire ONE between Dublin, Athens, Rome, Stockholm, Oslo, Edinburgh, Copenhagen, Barcelona, etc?
It's all about opportunities and locations where money can be made.... lots of these builds are management contracts so it's not like they are planning a lot of the property development themselves. And sometimes it's easier to expand business with an existing owner/developer in an area than developing new relations, leading to multiple properties in a smaller area.