Originally Posted by
lighthouse206
My theory (and it's just a theory) is that the building itself (Hyatt Corporate owns this property) was VERY VERY expensive to build and revenues just aren't justifying the capital expense that went into this place....
That's the developer's issue, not Hyatt's. But I think it's a pretty safe bet Hyatt is overpaying. It's a prime address, but the lower floors with minimal views are sub-optimal for a high-end hotel.