C
Joined: Apr 09, 2003
Posts: 3837
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C
On 2011-03-09 18:52, croe67 wrote:
On 2011-03-09 18:29, dangergirl299 wrote:
I don't see why putting a hotel up for sale is a bad thing. Why not get a new owner who is less financially strapped that will not try to demolish the Tonga Room to make way for a parking garage for unnecessary overpriced condominiums?
Unfortunately new owners tend to like new, shiny things. Not old things.
Case in point: When The Palmer House Hilton was sold ~5 years ago in Chicago, one of the first things they did was give walking papers to a very old & historic Trader Vic's that we still miss tremendously :(
I'm not a negative-nelly type.
But I am a realist.
Unfortunately, the Beverly Hills Trader Vics was closed after the property was sold to a developer for a huge hotel project. The real issue is that a new buyer is an investor who would only purchase to increase the revenue output.
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