Quote:
Originally Posted by philcski
I've never been a proponent of the project, because I think it's far too ambitious in terms of residential plans in the current (new) economy, and on top of that siphons off business from their premier product next door, but the fact is they will be profitable at 75% occupancy at their current room rates based on their most recent 10Q and independent research. So- they are in fact close to profitability.
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The hotel being at 75% capacity makes the entire project profitable? That seems impossible.