"As discussed further in this letter, from our 2012 work, historically, the Greensboro market has proven its ability to absorb new hotel room supply, most notably, from 2006 to 2011 there was a 25% increase in the room supply and this was absorbed into the market resulting in higher overall market occupancy. Based upon projected unaccomodated demand, we expect this trend to continue with the new supply of rooms from both the Proposed Wyndham Hotel, Greensboro. NC and future rooms as contemplated for other projects."
But is that what really happened. Was there a 25% increase in the room supply and was this was absorbed into the market? And was the result a higher overall market occupancy?
During that same time period the Heritage Inn, aka Southgate was converted from a hotel to apartments then torn down. The Cavalier Inn converted to weekly rentals. The Oaks Motel closed for years then reopened as did the Regency Inn Suits. And the 132 room Knights Inn was closed for years and only recently reopened as the I-40 Inn and Suites, so recently in-fact that they still have a temporary sign out front. And those are only the few I know of. How many more closed during that time period?
No, those aren't the types of hotels and motels the downtown Wyndham hopes to compete with bu just so you know, Knights Inn is a Wyndham company. And in times of high demand or in bad economic times these cheap motels are every bit as likely to be filled as any luxury hotel. If not more so.
Oh, and the restaurant at the old Knight's Inn is available for lease. Was it ever really a Denny's? I don't think so.
Page 2 in its entirety: Click on it to view full size.
Jeff Martin calls this behavior, this lack of transparency, a racist double standard and he's right in that enforcement in Greensboro has long favored white people. After all, in how many cities in America could people gun down other people in front of television cameras watched by millions around the world and no one go to prison?
Please continue reading Lies From The Wyndham Hotel Study: Part 3
