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Old Posted Apr 5, 2009, 1:22 AM
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bmfarley bmfarley is offline
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Join Date: Nov 2005
Location: California; All Over
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Quote:
Originally Posted by JDRCRASH View Post
I don't know about you Just-In-Cali, but my thoughts are with some of the other forumers, in that it should've been on the nearby parking lot. According to what i've read in the Times the last few days, the previous structure on the plot of land has outlived it's usefullness as a hotel. Still, they could've turned it into condos.
Except... Korean Air already owns the property and has for awhile. They are leveraging their existing investment to turn it into something else to generate a greater return. And, I think we can assume they've already conducted an analysis examing the investment... and it obviously panned out otherwise they would not have pursued to this point in time.
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