
Are there opportunities for new hotel development beyond breaking new ground particularly in central downtown areas? When looking to develop a new hotel, price and location are important factors typically considered. Ground up development, which generally occurs in outer urban or suburban locations, has the appeal of starting with a blank slate which is often but not always the most economical path. New development in these areas can come with a hefty price tag for the property it sits on if what you are looking for is even available. Some thoughts to consider. READ MORE