Originally Posted by
PilotWombat
I've never understood why the company doesn't buy the office building across Virginia Ave from OC3, tear it down, and build a ~15 story hotel there. Two floors of parking, 3rd floor is a lobby with access to a bridge straight into OC3 and a few restaurants (I imagine a sports bar, a Mexican joint, and a 24 hr Starbucks would be required...), a procedures trainer floor, then like 9-10 floors of Embassy Suite style rooms. Maybe a floor with presidential suites and another with a rooftop restaurant overlooking the campus/airport for wining and dining business interests. Hire Hilton/Westin/Marriott to run the place.
Or buy the Regus business office and do the same thing. Or just outright buy the Rennaissance if they don't want all the construction hassles.
I have to imagine they'd make their money back in just a few years.
Our need for hotel capacity varies widely over time.
Consider 2009 vs 2019 for example. Which requirement do you build for? Some things are better to rent than own.