Originally Posted by
777 global mile hound
Thank you Mech Machine👍
Believe there is plenty of business in the area to sustain both properties
the area is affluent as well has many major offices for corporations.
I know typically I wouldn’t want to spend more than a night at an airport
unless an exceptional property of great experience/ value
Originally Posted by
ralphs
On the flip side, the beds are comfy, staff are friendly, and good Globalist recognition. The top floor rooms facing SNA are excellent plane watching. There are also huge rooms (suites) in the corners of the main tower that are inexplicably unused most of the time.
I agree that there is room for both given the economic strength of the area. $250k per key* seems pretty reasonable given that the median home listing price in Irvine was $1.5m in July 2022 per Realtor.com.
*
https://www.ocbj.com/real-estate/hot...s-hyatt-return
edit: expressed differently, it's just $230/sq ft
Fair points; I don’t disagree as to the quality of the existing HR. I think there is demand for two Hyatt’s close by; I just have never seen a scenario in which the same flag of a chain is so close by. I can think of say Denver that has a HR and GH close but not two of the same flag. Would be curious to stay at Irvine when it’s renovated and compare the two.