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" ... At the time, the nearly-mile long stretch of Atlantic beachfront consisted mostly of rundown motels, time shares, and liquor stores fractured across complicated property lines that had failed to attract any significant developer interest for years. Consolidating the land needed to make a new luxury, high rise development that would attract UHNW foreign buyers financially viable would be onerously time-consuming, most of them reckoned, if not legally impossible. ... "
" ... It needed more land so that it could maintain standards throughout the entire resort from the parks to the surrounding hotels and even the roads and nature reserves. This strategy stems from when Walt Disney bought land for Disneyland in California and soon after it opened in 1955 motels and restaurants began springing up next to it spoiling the fantasy theming of the resort. ... "
" ... The headline seasonally adjusted jobs number (establishment Survey) showed a net addition of 261,000 jobs in October. This follows an 18,000 print for September, revised up from -33,000. As expected, a significant portion of the gains were a rebound from the impact of September’s hurricanes. For example, 106,000 jobs were from the leisure and hospitality industry (hotels, motels, restaurants), an industry that suffered the most from the hurricanes. ... "
" ... Unlike rentals, where you sign a temporary lease, extended stay motels do not require proof of income, credit checks, background checks or even security deposits. They allow weekly rent payments. Effectively, there are no barriers to entry aside from money, so this could be the only option for many. ... "