tag:blogger.com,1999:blog-7620598390715460127.post2741262885887844291..comments2023-11-03T06:03:17.731-04:00Comments on The YES! Weekly Blog: Talking points to rebut criticism of hotelCharleshttp://www.blogger.com/profile/13612776268354792545noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7620598390715460127.post-63891756341119629312010-01-28T11:40:11.919-05:002010-01-28T11:40:11.919-05:00"Where were Weaver and Quaintance in asking f..."Where were Weaver and Quaintance in asking for public release of documents for the other two projects in line for access to recovery bonds?"<br /><br />Is Hayes really that <a href="http://roch101.blogspot.com/2010/01/deena-hayes-should-get-her-facts.html" rel="nofollow">uninformed</a>?Roch101https://www.blogger.com/profile/09051431871719164688noreply@blogger.comtag:blogger.com,1999:blog-7620598390715460127.post-36834902602910882742010-01-28T10:59:39.320-05:002010-01-28T10:59:39.320-05:00More from the above link:
(RevPAR is revenue per a...More from the above link:<br />(RevPAR is revenue per available room)<br /><br />Based upon the competitive data set forth previously and the projected<br />opening date of January 1, 2012, it is our opinion that the RevPAR likely to be<br />achieved by the Proposed Luxury Hotel Greensboro will be $57.48 in Year 1,<br />growing to $85.82 in Year 5 of the projection period, which is 29.0% lower<br />than the RevPAR projected by the developer.(Es 1-19)<br /><br />AND ...<br /><br />There will be more opportunities for smart buyers to buy properties in the<br />Greensboro market at a deep discount and renovate and rebrand them at<br />below replacement cost levels for the next two to three years. Adding a new<br />206-room luxury or upper upscale hotel to the Greensboro market will be a<br />setback to the four primary competitive hotels we have identified just as they<br />begin to recover average rate, occupancy, and RevPAR in 2011 or 2012. (ES 1-28)jhshttps://www.blogger.com/profile/16709303887734376717noreply@blogger.comtag:blogger.com,1999:blog-7620598390715460127.post-55133182575470584342010-01-28T10:53:37.387-05:002010-01-28T10:53:37.387-05:00This is about the only talking points memo needed ...This is about the only <a href="http://www.scribd.com/doc/25506692/HVS-1-18-10" rel="nofollow">talking points memo</a> needed on this project:<br /><br /><br /><br />"he developer’s positioned average daily rate for the first five years of<br />operation is reasonable for a luxury or upper upscale hotel as proposed<br />for downtown Greensboro, but not at the occupancy rate projected."<br /><br />AND ... <br /><br />"The 2009 HVS Hotel Valuation Index report issued in October 2009 lists<br />Greensboro (ranked 63) near the bottom of 65 cities in the U.S. for<br />projected changes in per-room value from 2006 to (Projected) 2013. Hotel<br />values in Greensboro are projected by HVS to fall -47.7% between 2006<br />and 2013."jhshttps://www.blogger.com/profile/16709303887734376717noreply@blogger.com