Not really It overall suggests the Midtown Hotel is a fantastic (mainly meaning "cheap") place, beloved of its guests and its owner. But nobody explicitly says, "For the love of George Jetson, let's never redevelop this wonderful motel - even though it'd be fit to be redeveloped in far less valuable patches of real estate, never mind the middle of Boston."At least 750 words from the Globe here, from just a year ago, that should pretty much answer all your questions?
Actually, as long as he also owns the Colonnade, which is essentially next-door (actually just 100 yards away, and split by only one other property), why on earth would he ever want to redevelop it?Very curious why he's waited so long - what's he holding out for?
Good read, thanks.At least 750 words from the Globe here, from just a year ago, that should pretty much answer all your questions?
Because it means leaving money (in the form of price you don't take) on the table. If it's such a robust hotel market, you're not worried about getting rooms filled.In such a robust hotel market, why would anyone to give up the enviable niche of anchoring the cheapest, no-frills end of the spectrum?