Stampede Station | 252m | 69s | Truman

kora said:
How many of these people don't want to pay downtown hotel rates? The number is probably inflated to advocate for new hotel construction downtown. It's not like people aren't visiting Calgary because they can't find a place to stay.
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Actually in June I had an entire tour group of 22 people who couldn't get a decent hotel in the city so they stayed an extra two nights in Banff during their tour around a province. Anecdotal, but still real and recent.
 
From Marriott

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kora said:
How many of these people don't want to pay downtown hotel rates? The number is probably inflated to advocate for new hotel construction downtown. It's not like people aren't visiting Calgary because they can't find a place to stay.
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How cost-effective is it to take an Uber into and out of downtown Calgary on top of hotel costs, all to avoid downtown rates? If I was a traveller staying in Calgary for something downtown related, it wouldn't sound very viable. Apart from these hotels which will be on the more expensive side, there are cheaper accommodation options downtown as well.

The Element Hotel conversion was just completed and the Hampton Inn is under construction, both downtown. Clearly, developers and institutional investors seem to believe there is demand for further hotel construction.
 
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New mid range hotels aren't going to disrupt the high end but new high end hotels could disrupt mid range hotels with existing high end hotels rebranding themselves. The prices for a hotel room are crazy high. That can be summarized as a lack of competitive supply. However, these investors are adjusted to these crazy high prices. It's within reason another International Hotel closure could happen in the next few years . That only increases if these 750 high end hotel open in by 2032.

More skyscrapers will be needed in Victoria Park. The tallest outside the core and still within visible range of the core is a skyline disruptor. The new towers overpower the existing core skyline in the rendering created by CTRLALTDEL. Truman angles are better however, these new towers still diminish the scale of the core by their overpowering presence. Twin towers vs a lone tower has an exponential effect as twin towers still do not make a skyline onto themselves.
 
There’s been new hotel additions basically annually in downtown Calgary and existing hotels haven’t closed. I don’t think Marriott’s opening three more of their top-tier hotels in Calgary’s city center without doing their due diligence. Between the largest convention center in Western Canada, the new entertainment district, and the city actively positioning itself as part of the Banff tourist circuit, it’s a smart play.

Calgary’s also becoming a more exciting place for tourists, not just downtown, but with all the growing midrise, walkable districts improving every year. Calgary is also one of the only Canadian cities seeing growth in tourism and transborder traffic this year, even with the trade tensions.

https://www.travelandtourworld.com/...-american-tourism-economy-new-update-for-you/
 
I'm all for many more hotels in the core. I would like to see how we compare to other cities for the downtown hotel shortage. Are there studies like this out there? Vancouver is also crying about a multi-1000 unit downtown hotel shortage, yet they're holding a conference for 30,000 people this weekend. I wonder how much of this shortage is being caused by Airbnb crackdowns, which remove hotel rooms from the market.

The lack of downtown hotel space doesn't stop Calgary from hosting the massive downtown Stampede every year.
 
Spring2008 said:
There’s been new hotel additions basically annually in downtown Calgary and existing hotels haven’t closed. I don’t think Marriott’s opening three more of their top-tier hotels in Calgary’s city center without doing their due diligence. Between the largest convention center in Western Canada, the new entertainment district, and the city actively positioning itself as part of the Banff tourist circuit, it’s a smart play.

Calgary’s also becoming a more exciting place for tourists, not just downtown, but with all the growing midrise, walkable districts improving every year. Calgary is also one of the only Canadian cities seeing growth in tourism and transborder traffic this year, even with the trade tensions.

https://www.travelandtourworld.com/...-american-tourism-economy-new-update-for-you/
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Not to mention many of the hotels in the city are already Marriotts. Downtown alone, there's Westin, Elements, Autograph/Courtyard, Delta, Marriott, Residence Inn, Sheraton, and Fairfield Inn. I'm sure Marriott isn't investing in more hotel capacity if they don't see the demand with their existing properties.
 
kora said:
The lack of downtown hotel space doesn't stop Calgary from hosting the massive downtown Stampede every year.
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But maybe it limits it?

I know my wife and I passed up on a trip to Vancouver this summer because we couldn't find a decent place to stay for a decent price. People could be doing that here too.
 
kora said:
I'm all for many more hotels in the core. I would like to see how we compare to other cities for the downtown hotel shortage. Are there studies like this out there? Vancouver is also crying about a multi-1000 unit downtown hotel shortage, yet they're holding a conference for 30,000 people this weekend. I wonder how much of this shortage is being caused by Airbnb crackdowns, which remove hotel rooms from the market.

The lack of downtown hotel space doesn't stop Calgary from hosting the massive downtown Stampede every year.
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Sure it doesn't stop the Stampede but it definitely limits the number of people coming to town. I have multiple different groups of friends/family who have to skip out on Stampede every year as they can't find anywhere to stay.
 
I'm totally supportive of these 400-some new hotel rooms. It will only add less than 10% (out of 4500) of the quoted lack of capacity in the core.

Scarcity is good for hotel rents and hotel owners. It raises prices.
 
kora said:
I'm all for many more hotels in the core. I would like to see how we compare to other cities for the downtown hotel shortage. Are there studies like this out there? Vancouver is also crying about a multi-1000 unit downtown hotel shortage, yet they're holding a conference for 30,000 people this weekend. I wonder how much of this shortage is being caused by Airbnb crackdowns, which remove hotel rooms from the market.

The lack of downtown hotel space doesn't stop Calgary from hosting the massive downtown Stampede every year.
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I would be interesting to see how the hotel industry groups estimate demand and a deficit. I'd imagine they are more interesting to look at and a bit boosterish, than accurate and useful. Trends seem to often change much faster than most of these projections are capable of contemplating.

For example, only 6 years ago we were getting articles like this:
'Stop building' hotels in Calgary, industry urges, as supply of rooms outstrips demand
 
I'd just leave the hotel demand/supply up to the industry. If Marriott wants to open 3 more hotels when they already have 6/7 in the downtown, then I'd trust they see the demand, it's their money and their partnerships after all. And these towers are huge, but the hotels proposed have pretty limited rooms. The W has 157, which is only 6 more than the 17 story, 151 room Hampton Inn. The Element hotel that just opened added 226 suites, which is only slightly less than JW's 248, and the Element rooms are much bigger (suites vs hotel rooms). It's the scale that has prompted this worry, but the actual hotel supply being added are not that meaningful, it's just in a different segment than our existing supply.
 
CBBarnett said:
I would be interesting to see how the hotel industry groups estimate demand and a deficit. I'd imagine they are more interesting to look at and a bit boosterish, than accurate and useful. Trends seem to often change much faster than most of these projections are capable of contemplating.

For example, only 6 years ago we were getting articles like this:
'Stop building' hotels in Calgary, industry urges, as supply of rooms outstrips demand
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the world has changed, Calgary is changing, and your mind has to change as well
 
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