Downtown Hotels - Fall 2013

Five new hotel projects have been announced for downtown and a sixth was proposed as a component of a State Street garage project.  While the new projects are welcomed the question remains; can our market support this many new hotels?  Site visibility will be a determining factor in securing financing and the sites with inferior visibility most likely will not be funded.  In 1985 our market demanded one office building and five developers built it – déjà vu?