Subscribers

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes