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Palomar Project On Hold
The gist of my October special report on vacation ownership is that, while development is definitely slowing down, good projects in A-plus destinations are still getting built.
Sad to say, but news out of my one-time hometown of Milwaukee indicates that that market hasn't quite reached A-plus status. Looks like Gatehouse Capital Corp.'s plans for a Hotel Palomar condo-hotel has been delayed indefinitely due to the crumbling credit markets.
The Milwaukee Journal Sentinel article notes that a planned Hyatt Place and Hyatt Summerfield Suites project is also way behind schedule.
Palomar Project On Hold
October 3, 2008
The gist of my October special report on vacation ownership is that, while development is definitely slowing down, good projects in A-plus destinations are still getting built.Sad to say, but news out of my one-time hometown of Milwaukee indicates that that market hasn't quite reached A-plus status. Looks like Gatehouse Capital Corp.'s plans for a Hotel Palomar condo-hotel has been delayed indefinitely due to the crumbling credit markets.
The Milwaukee Journal Sentinel article notes that a planned Hyatt Place and Hyatt Summerfield Suites project is also way behind schedule.
Posted by Adam Kirby on October 3, 2008 | Comments (0)
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