Portlander
Senior Member
- Joined
- Apr 14, 2010
- Messages
- 2,544
- Reaction score
- 5,524
I'm not concerned and have no money tied up in any of these hotel projects. Developers do ample research and due diligence and wouldn't build if there wasn't a good chance to make a positive return on their investment. We've been through financial down times before and people continue to go on vacation and travel for business. They may not spend as much or travel as far, but I think Portland is positioned close enough to the Boston and NYC markets to survive. And if a few of the weaker hotels were to fail, they would be sold or auctioned off and converted into residential uses which could help rental availability and leasing expenses.