DALLAS: Say Goodbye to Full-Service Hotels
They're not gone for good, but they've been replaced by select-service hotels as the sector darling, according to the experts at Bisnow's recent DFW Hospitality Summit. FelCor Lodging Trust chairman Tom Corcoran (snapped with Gatehouse Capital CEO Marty Collins) says that margins are better, too, for select- and limited-service hotels. Did you know that for about a 90-day period of Tom's life, he cleaned urinals and toilets on the Kansas turnpike for around 10 cents a potty? (Someone call Mike Rowe because that's a dirty job.) Read Real Estate Bisnow DFW for part one and part two coverage of the event (and a bonus retro pic of Tom).