The first post on the new site is a suggestion for Sobrato to build a mixed-use hotel condo on the giant parking lot he owns at the corner of Market and San Carlos. This is a high-potential Downtown development space across the street from the Convention Center, Plaza de Cesar Chavez, and the burgeoning SoFA district.
A hotel condo allows people to purchase rooms and suites, and rent them out as hotel rooms when not in use. It's an ownership models that simply does not exist in Silicon Valley, but is popular in tourist destinations such as Las Vegas. These are often used as vacation homes or secondary homes, which would make a lot of sense for business travelers that live in tech centers around the globe but have to spend quite a bit of time in Silicon Valley each year. Typically these are built by luxury hotel operators--and having another Fairmont-caliber hotel would go a long way Downtown.
Anyway, its a great blog post and you should check it out right over here.
No comments:
Post a Comment