“This area was previously a hotel and after an arson incident a few years ago, (they) had the idea to reconstruct and open new stores,”
“The hotel industry's doing very well, and, for the most part, it's because of the fact that major downtown hotels have been able to charge some of their highest rates ever and get them.”
“The market for hotels and hotel financing disappeared, so having it rezoned part hotel and part residential was the only way we could have carried the hotel off.”
“That was Mr. Holbrook's suggestion. With the lack of hotels in the area, you have to have a place where a featured performer, or artist-in-residence, can stay.”
“Hotels in the Cooperstown area started getting calls for reservations from the moment they retired.”
“Hotels give off a regular cash flow. When you buy a room in a hotel you look at the price versus the projected amount of money that is going to be raised every month.”
“As soon as the bid goes out, we're scouting the area and buying hotel rooms.”
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