Re: Re: One Berkley court -132m Tower
i doubt whether it will last for years as Dunne has a massive interest charge on the funds borrowed against the site. the hotels are not running profitably and even if they where they would only dent the interest he has to pay on the loans. He needs to build what he can ans sell the properties pronto!
If he had any smarts he would have leased them with rolling break clauses in the event of redevelopment; hotels are very complex especially those above travel lodge level not to mind 5 Star hotels such as the Berkeley Court which take a team of support staff with real skills and knowledge of the customer base.