Monday, February 20, 2006

 

research topic--public funding of hotels

You may have seen the recent announcement that they have broken ground for a new Hilton in Baltimore. This development is being funded with $301 million in municiple bonds.
http://www.hotel-online.com/News/2006_Feb_17/k.BZG.1140194433.html

Needless to say, this is both controversial and not limited to Baltimore (see the $54 million hotel and conference center that opened in Trenton in 2002).

If you're interested in hotel development, the interface of tourism and public policy, etc. this would make a great research project.

Comments:
Another example of publicly financed hotel properties

The Publicly Financed 1,000-room Sheraton Phoenix Downtown Hotel
Breaks Ground Next to the Expanded Phoenix Convention Center

http://www.hotel-online.com/News/PR2006_1st/Mar06_SheratonPhnx.html
 
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