Originally Posted by absoluteAL
I would hate to even think how much money has been sunk
into Reina Roja and how little ROI they are getting
Another large boutique is under construction between AV. 1 & 5 and calle 30 and 32.
Another hotel is about 90% complete on the corner of AV. 10 and calle 26.
What are these people thinking
I don't get it either. Everything was fine and on the up and up in Playa until early summer 2008. That's when I first noticed a sharp decline in tourism and investment. Why would anyone build more hotels in this current economic environment? And then add the media issues in the U.S. You would have to be crazy to build a new hotel. IMO.