Post Number: 276
|Posted on Wednesday, March 11, 2009 - 9:38 am: || |
I've got to wonder if the place is having trouble.
Post Number: 826
|Posted on Wednesday, March 11, 2009 - 9:49 am: || |
Have you supported the Book Cadillac?
Post Number: 277
|Posted on Wednesday, March 11, 2009 - 10:15 am: || |
Oh, sure. I don't even live in the area and I've stayed there twice. I just hope for the best, but this is a terrible time for the hotel business and especially Detroit with the cars.
Post Number: 695
|Posted on Wednesday, March 11, 2009 - 10:51 am: || |
I think about it myself, my highrise looks at it at an angle, and most nights only a couple of room lights are on. Can only hope for the best, its a terrible time,, If I recall this is what happened to it when it opened originally..
Post Number: 1793
|Posted on Wednesday, March 11, 2009 - 12:08 pm: || |
Here's hoping the Westin folks are patient. One would assume that if you spend $180 million (not all Westin's coin, of course) on something, you aren't going to close it right away, especially when you're in a national recession.
Post Number: 1250
|Posted on Wednesday, March 11, 2009 - 1:23 pm: || |
I'm sure this hotel, as with most Detroit hotels, relies heavily on the big event nights where they boost prices greatly and fill up the rooms. The rest of the time there seems to be the expectation that filling any rooms is a bonus.
Yet another reason why we need the Cobo deal to go through
Post Number: 3850
|Posted on Wednesday, March 11, 2009 - 3:51 pm: || |
They'll be getting plenty of business next month.
Post Number: 89
|Posted on Wednesday, March 11, 2009 - 6:39 pm: || |
can't make it on 50% occupancy (I believe that number is fudged by a bit but that's what they said so...)
Like I said when it opened--I will set the over/under at three years.
Post Number: 945
|Posted on Wednesday, March 11, 2009 - 7:19 pm: || |
As Spirit stated the convention business is crucial to the hotels, especially in these economic times. The downtown hotel companies should be pressuring the council to get a Cobo deal any way possible. They should call a press conference along with restaurant owners as well as their employees attending, to call out the council. Owners and employees, black and white, need to let council know they're not going to stand by and lose their livelihood because of petty racism and stupidity.
Post Number: 828
|Posted on Wednesday, March 11, 2009 - 7:36 pm: || |
Have you supported the Book Cadillac?
Post Number: 337
|Posted on Wednesday, March 11, 2009 - 8:23 pm: || |
ive been there...
Post Number: 85
|Posted on Wednesday, March 11, 2009 - 8:46 pm: || |
We'll be going to Roast this weekend if that counts.
Post Number: 44
|Posted on Wednesday, March 11, 2009 - 8:59 pm: || |
I tried to book a room at the Book-Cadillac
for April 30 and May 1 and 2. I got the message
that they were sold out.
Post Number: 81
|Posted on Wednesday, March 11, 2009 - 9:55 pm: || |
Rjlj, i get your point about people putting their money where their mouth is and supporting local businesses.... but a hotel shouldn't have to rely on sympathy money from locals to survive.
Post Number: 42
|Posted on Wednesday, March 11, 2009 - 10:39 pm: || |
I found a couple articles about the declining hotel industry that were written in mid-2008 before the economy really took a dump in the past few months.
http://www.iht.com/articles/20 08/07/31/business/hotel.php?pa ge=1
This article was written about Chicago but makes mention as to how a good convention center industry leads to higher occupancy rates compared to citites that don't have them. Maybe I should email it to MonCon...
http://www.chicagorealestateda ily.com/cgi-bin/news.pl?id=297 43
Post Number: 139
|Posted on Wednesday, March 11, 2009 - 11:09 pm: || |
They're all gonna be just fine.
Post Number: 829
|Posted on Wednesday, March 11, 2009 - 11:21 pm: || |
I'm just making a point about how people are always surprised and saddened when an establishment has closed but when you ask them the last time they went, their response is six months ago or a year ago.
Not to mention, Croweblack is rooting for it the place to be shut down.
Post Number: 217
|Posted on Thursday, March 12, 2009 - 12:10 am: || |
Obviously, city hotels rely on conventions.
Every hotel within 10 miles of St. Louis city is booked solid for the MLB All-Star Game. You guys had one of those recently, though. There was an article recently stating that St. Louis will be probably fair better in the convention decreases because it's in the middle of the country and prices are cheap.
Our Renaissance Grand (originally Statler) recently filed bankruptcy, but it's still open. Apparently it had a lot of debt from it was first opened. The shareholders own the hotel. Can't really sell it right now. It, too, is booked for the All-Star Game.
I'm sure D.C. benefited greatly from the inauguration. New York seems to be holding up okay. Of course that could change. But it probably won't be a bed of roses anywhere.
A city (about 18k) around here recently had a hotel close. There's still a very large one and a medium-sized one open. Seeing as there aren't many big attractions in this town, I wondered how they kept 3 hotels open anyway. 2 were side-by-side.
Not a good time for hotels overall. Not a good time for anybody.
I interviewed my Great-Aunt Juanita for a class project in like 5th grade. It was pretty interesting to hear her talk about growing up during the Great Depression. Obviously, we have much more now than they did then. My Grandma's family (Grandma was born in 1941, after the Depression), had one cow, foraged for berries, grew stuff in the card, and hunted whatever they could.
Post Number: 293
|Posted on Thursday, March 12, 2009 - 1:37 am: || |
Hotel and travel industry are way down all over. Even Las`Vegas, which everyone thought was recession proof is hurting. A friend of mine works at the huge 400 room Holiday Inn in Southfield, some nights they only have 5 or 6 room rented.