Meriden still awaiting plans for hotel conversion
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Meriden still awaiting plans for hotel conversion
myrecordjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myrecordjournal.com Daily Mail and Mail on Sunday newspapers.
The pandemic has significantly slowed business travel, which has battered the hospitality industry, especially hotels.
And with business travel not expected to return to pre-pandemic levels until 2025, many hotels continue to experience near record-low or below-average occupancy rates, forcing some to close.
But developers who see opportunity where others see despair are snatching up shuttered hotels and converting them into apartments.
Although the practice began a few years ago, it blossomed during the pandemic.
In New Haven, a landlord spat offers a peek into LLC deals
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