Originally Posted by
BrightlyBob
Yes, that was and remains my view, although the surfeit of IHG options almost certainly didn’t help, my view remains that its location is the Lumes biggest impediment to filling its 300+ rooms nightly! I remain unsure that some desperate international Hyatt-status-chasers are going to make much of an impression on that daily number...
The weird thing is that I cannot see Hyatt charging lower management charges, perhaps they are giving some occupancy guarantees as part of the deal?
The CP Oxford Road is a great property for Spires whilst it remains a CP if you can live with the location.