Quote:
Originally Posted by NYguy
It's unfortunate that these hotels have to close. Only hotels like the Grand Hyatt and the Hotel Pennsylvania were planning to close for redevelopment before the pandemic. I'm sure a lot of developers are circling these prime hotel sites that are now closing. But it will be a while before they could do anything with them.
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My concern is they get torn down and then sit as empty lots for 5-10 years, while the developers wait for tenants and better market conditions. And/or get replaced by lame 500-600 foot tall fat glass boxes.
Of course if they get torn down and immediately replaced by 1000 feet + tall signature towers, I'm all for it