Hotel construction in county to remain dry until 2012
Friday, March 27th, 2009The Daily Transcript
Friday, March 20, 2009
By THOR KAMBAN BIBERMAN
Hotel construction in San Diego is “zero” for the next three years, said Robert Rauch, hotel consultant, developer and owner.
He doesn’t expect any full-service hotels more than 200 rooms that aren’t already under way, if there are, to even start construction in the county prior to 2012. “I’m talking zero,” Rauch said.
Not only is there no financing, Rauch said he couldn’t think of a hotel currently under construction in San Diego County.
Rauch, who owns a Hilton Garden Inn and a Homewood Suites in the Sorrento Mesa area, has been a hotel consultant for decades.
The newly completed 1,200-room Hilton next to the Convention Center is the most recent major addition, but nothing of that magnitude is planned until hotels at Lane Field and Pacific Gateway as part of the Broadway Complex come out of the ground in the North Embarcadero area.
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