David A
Senior Member
Yes, some bad luck, but this company sure seems to have a lot of "bad luck" with more than one site. At some point bad luck becomes bad management.
So ok the Marriott deal fell through, but that would have been way over 5 years ago. IMO it probably would have been better to not demolish the existing building. All it shows they are committed to is demolition and spending money sooner than needed. Again a bad decision and also poor asset management. Lastly, if you can't make a go of it, just sell it to someone who may be able to do better, take the loss and move on.
So ok the Marriott deal fell through, but that would have been way over 5 years ago. IMO it probably would have been better to not demolish the existing building. All it shows they are committed to is demolition and spending money sooner than needed. Again a bad decision and also poor asset management. Lastly, if you can't make a go of it, just sell it to someone who may be able to do better, take the loss and move on.