Reply to thread

Message: [QUOTE="OttoMets, post: 3780072, member: 716"] I'm not familiar with this Cecil Hotel, but that's what my wife was saying when I was telling her about the situation recently. Obviously I've done a little work related to Skyline in the last few months; in researching the history, I was surprised at what a nice property it was for most of its life. Though society's changed in some ways for the worse, the chief difference here is management. Longley-Jones cheaped out on repairs as they underwent management changes and then looked to dump properties, and then the new owners took things to a whole new level. I'm not exactly sharing state secrets here: their rent roll and pro forma are (inexplicably) online as part of their listing. The building is a mint, but they want to increase profit margins at any cost. Part of that cost is eliminating daytime security and doing virtually no repairs and maintenance. [/QUOTE]