Ultimately, the decision on whether or not to go forward rests with Starwood, which like all respectable operators can demand improvments before putting its brand(s) on the line. That said, I think the recent emergence of suboptimal flag properties in Shanghai (Regent, Bund Hyatt, Sofitel Jinjiang, even the St. Regis) suggests that the balance of power is shifting because the flags seem increasingly eager to snatch up real estate while it still exists.