Quote:
Originally Posted by Aatish
It's a hard playing field these days. Really saturated and a lot more expensive to enter than what it used to be.
|
His family's been in it since the early 80s. Made several millions per annum in the late 90s. In the early 2000s, the family parlayed it from 8 fuck shack type motels to 3 mid-tier national franchises like Best Western and Courtyard level (not providing actual names since it's my boy).
One is doing well. One is break even. The third is millions upside-down.
The economic downturn and the opening of parx and the NY casinos really killed the AC market.