HYATT in TROUBLE - $5 mil Assist Fails to Stave Off Delinquency

[Overstreet]

Have you noticed that every hotel downtown Adams Mark aka Hyatt, Jacksonville hotel aka Hilton, Marina St Johns aka......, etc have had problems and either closed or were sold.   Except one hotel keeps on operating with out much fanfare.  Maybe the question needs to be what is the Omni doing right?

[Riverrat]

Have you noticed that every hotel downtown Adams Mark aka Hyatt, Jacksonville hotel aka Hilton, Marina St Johns aka......, etc have had problems and either closed or were sold.   Except one hotel keeps on operating with out much fanfare.  Maybe the question needs to be what is the Omni doing right?

Hyatt (aka Adam's Mark): Adam's Mark was sold to Hyatt because of internal issues with Adam's Mark (the owners wanted to own hospitals instead of hotels).

Crowne Plaza (aka Hilton aka Jacksonville Hotel): Hilton was not sold - the now Crowne Plaza is still owned by the same ownership company, but Crowne Plaza offered more incentives than Hilton for the owners to change the flag from Hilton to Crowne Plaza.

Wyndham (aka Radisson aka Marina St. Johns): The only hotel with real issues has been Wyndham - which currently has a myriad of issues, as it always has had.