11-04-2015, 02:40 PM
(11-04-2015, 10:51 AM)BuildingScout Wrote:(11-04-2015, 10:31 AM)ookpik Wrote: Even if the D'Altons had/have the vision it's not clear they have the will. Consider that "[Mary D'Alton, president, managing director and shareholder] D'Alton was appointed general manager in 1986 at the age of 30 and has run the inn ever since." She's 60 years old today. Most people of that age are more likely thinking of retiring than expanding their business. If there's another generation of the family willing and capable of redeveloping the site why aren't they running the operation today? So perhaps selling off the land makes the most sense for the principals under the circumstances that I'm reading between the lines. It's what I'd do if I were in that position.
I was thinking more like this is something they should have done 15 years ago, by now its stoo late. There's ample housing supply, the LRT stops too far from the hotel. A missed opportunity because of lack of vision as you said.
Exactly. 10-15 years ago (when she was 45-50 years old) they were in a strong position, and probably had the cash flow and business case to support a business expansion.