Hotels share space amid high land prices

Operating costs also cut as hotels share facilities like laundry

[NEW YORK] In hotels these days, it is the haves versus the have-nots.

At some dining rooms, guests have to produce their room keys to eat at the free breakfast buffet. No eggs and muffins for those guests from other hotels, even if - as is increasingly likely in major cities - everyone slept under the same roof.

At Chicago's so-called triplex - where three hotel companies share space on a city block - Starwood's Aloft guests work out in a small gym within eyesight of a much larger one shared by Marriott and Hyatt hotel guests.

"Starwood had an issue; they didn't want their guests intermingling with the other guests in the fitness area," said Deno Yiankes, the head of investments and development...

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