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Old Jun 4, 2005 | 12:14 pm
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sbtinme
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Join Date: Oct 2001
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Originally Posted by NBSPGMEMBER
What's a Hotel/Condo??? A building with hotel rooms and residences in it???

Yep, this is fast becoming *wood's new profit model for new properties. This is happening in at least a dozen cities around the planet, including mine in Portland Maine where a new Westin will be built with adjacent Westin Condos for sale. I think *Wood finds that they maximize their total profit by entering CERTAIN markets this way. This allows for a smaller Westin than normal, but with the same array of amenities that would be expected of a larger facility.
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