Thank you, sir, much appreciated. My brain fog is showing. I’m trying compression socks, but so far, meh.
]]>nothing staged at all there, parents are authentically pissed and I would be too!
]]>Actually Bob, that’s where I think it is headed (awkwardly), there has been staked out on the upper floors around 1000 condo’s (nearly finished…intended for presale)…..it easily could be converted into an enormous condo enclave…..obviously, for the right price!
]]>Marriot is essentially a Mormon operation, the Koch operation is currently advocating strongly against vaccination, those are opposing forces. The Mormon Church does not want it’s precious adherents to die off, the Koch’s minus one brother have decided that they would rather fire up the cult and therefore sacrifice some. Amazing times, and dangerous times for people who fall prey. Businesses have to now decide where they fit into this, hospitality businesses are in the forefront, they are the front lines. silence becomes less palatable by the day. The Koch’s libertarian world view is not a good fit for a Church that sends out every single young person to spread the word of their love…
]]>There’s nothing to report. Marriott International put zero money into this project. They simply were providing the brand and associated services (reservations, group sales, marketing).
FYI: The overwhelming majority of hotels are franchises. It varies by hotel group (Marriott, Hilton, Hyatt, etc), but 80 to 90% of hotels are franchises.
So, the hotel group owns the brands (like JW Marriott) but the individual hotel is independently owned and operated. It’s an “asset-light” model that casino companies like MGM Resorts have been moving towards.
All of the major hotel groups have been using this asset-light model for decades. It’s the only reason a company like Marriott can have 8,400+ hotels. That wouldn’t be possible if they owned all their hotels…the real estate costs also would be staggering.
That said, I’m not saying there isn’t a story in relation to Koch and the way they do business. I’m merely saying that this transaction isn’t an example of anything unseemly. It’s not unusual for hotels to change franchises during the development process.
]]>“Prospects of opening Fontainebleu”
“If Mariott is, indeed, out as the hotel partner at Fontainebleu”
“there are signs of life at Fontainebleu”
Isn’t it spelled “Fontainebleau”?
]]>Daniel, thanks for the news on the land sale.
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