Wake-up call: Hotels forecast bump in revenue when fabrication workers arrive - Baltimore Business Journal:

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During the peak of as many as 100 managemen t and supervisory staff may needtemporary Plus, 150 to 200 laborers will likelg travel from more than 120 miles away and be looking for a plac to stay overnight, said Rick president of U.S. Operations, the project manager. “I wouldn’t be surprised to see well over 200 room nights in but it will come down tothe hotel’s abilitty to offer extended-stay rates,” Whitney “From a worker’s standpoint, most get a fixed benefiyt to travel and then whatever they have to pay for lodgingt comes out of that.” Hotel operators expectf to see a bump in revenue once the $4.2 billion project gets into full swing.
“Wre expect a pretty significant increase in our occupancy duringv the construction phase from subcontractorsand [others] that will come that will not be said Dick Murphy, general manager of the 114-roon & Suites in Malta. Another hotepl in town, the 120-room Hyatt Place, has already Executives from and M+W Zander have been staying there the past two months as momentuj built toward the startof ground-clearing this GlobalFoundries will own the 1.3 million-square-foort chip fab. “Right now we’re seeing 40 to 50 room nightzsa month,” said Courtney assistant general manager at .
Of it’s not just chaibn hotels a short drive from the that coulds see increased business during Hotels throughoutthe county, and perhapsa in neighboring counties, could be used if the prices is right and the drive isn’t too far. Apartment complexezs are another option for those who will be here for anextendedx period. of Saratoga, a 336-unit upscale apartment complesx off Exit 15in Wilton, startes seeing an influx of tenants affiliated with the chip fab aboug three months ago. Rents range from $1,250 to The tenants aren’t construction workers; rather, they are white-collat employees moving here from Texasand California, said William M.
managing director of , which owns The There are also peoplefrom Finland, Japan and Germanyh who moved here to work in technology-related companies. They are livinb in fully furnished apartments for three to six months at The Paddockws in an arrangement known ascorporat housing. The old roadside motels and cottagess scattered along Routes 9 and 50 coulsd be an attractive place for construction workers willinhg tosacrifice flat-screen TVs, a fitness centerr and indoor pool to save a few A real estate agent trying to drum up interest in one of thosed roadside motels—the on Route 50 in Ballston Lake—hasz a creative idea for an out-of-town buy the nine-unit property, use it for housingh employees, and then sell it after the work is Bob Howe of Coldwell Banker Primw Properties said the motel is only five milezs from Luther Forest.
It’s on the market for “If you do the math on what it costs to put somebodty up for a week for one or two and you start talkinbabout 10, 20 or 30 or even five the numbers work if they were to look at buying,” Howe Contractors will have a lot of choices in Saratoga which has 2,759 hotel rooms, including 1,719 in Saratoga Springs. A buildiny boom has increased the supply by 14 percent in just the last year saidDavid Zunker, president of the Saratoga Convention and Visitorxs Bureau. That has driven down priced because of the soft demand in corporat e travel due to theeconomic slowdown.
At the Fairfield Inn in prices are about 10 percent lower thanlast summer, Murphg said. Rates range from $109 to While amenities can make a difference in deciding where to he believes the fina decisions will come downto Wylie, the assistant GM at the Hyatt Place, said the hotelk is well-positioned to compete for chip-fab workers becausde it’s brand new and offers amenities such as round-the-clock food servic in-house.
Rates are $89 to