02-18-2018, 01:15 PM
"Hotels have high fixed costs, including large infrastructure requiring periodic refurbishment and high employee costs.
Yes, but they also have hundreds of rooms all close together which allows them to service and maintain those hundreds of rooms a lot more efficiently than hundreds of TVRs spread out all over the East side. Close proximity to ocean, shopping, restaurants, nightlife, etc. Seems like they should be able to compete.
Yes, but they also have hundreds of rooms all close together which allows them to service and maintain those hundreds of rooms a lot more efficiently than hundreds of TVRs spread out all over the East side. Close proximity to ocean, shopping, restaurants, nightlife, etc. Seems like they should be able to compete.