Detroit: Positive KPI's, but Supply a Concern?
Updated: Apr 21, 2018
DETROIT, Michigan (SEPTEMBER 15, 2017)—Ron Wilson, CEO of Hotel Investment Services was quoted in the Hotel Business Magazine article, published on September 7, 2017.
In agreement with Malik’s assessment of Detroit market challenges, Ron Wilson, CEO of Hotel Investment Services Inc., a property management company based in Troy, MI added, “Most markets have major brand critical mass now, and good sites are waning, ” He also noted the need of a 500-800 room convention hotel to “complement the improvements to Cobo Hall and the existing Marriott Renaissance Center Hotel.”
“As long as oil stays in or around its current price, people will continue to buy high-profit trucks and SUVs the big three automakers, and their supply chain, will have a positive and lasting impact on hotel demand in the greater Detroit market,” Wilson said.