The Business Journal of Milwaukee: Starwood eyes downtown Milwaukee: Hotel chain negotiating for a Westin or W Hotel
According to Pete Millard, writer for The Business Journal, Starwood Hotels & Resorts Worldwide Inc. is negotiating with several Milwaukee real estate developers to locate a Westin, Sheraton or W Hotel in downtown Milwaukee.Can Milwaukee Support Another Hotel Chain?
Greg Hanis, president of Hospitality Marketers International Inc., a Pewaukee hotel consulting firm, seems to think so. According to Hanis, the occupancy rate for the seven largest downtown Milwaukee hotels is 69.4 percent. Developers appear to get excited when this rate approaches 70%.
According to the Greater Milwaukee Hotel & Motel Association, there are more than 30 hotel projects in various stages of development in southeast Wisconsin and half of those are centered on downtown Milwaukee. Downtown Milwaukee could potentially see another 1300 rooms added to the existing number of hotel rooms.
These new developments bring more excitement...more conventions...more travelers...more establishments...more jobs...more money. The economy of this great city looks promising.
Click here for more information about the future of downtown Milwaukee's hospitality industry>>>
posted by David Ray @ 2:23 PM
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