Commercial QuickLinks QuickLinks: Same Day And Story, Two Rather Different Takes August 24, 2009 ∙ Hotel losses mount, hurting city’s coffers [SFGate] ∙ Hotels stay booked amid recession [Examiner] Recent Articles From Three To One And Six-ish To Five-ish (So Far): 75 Folsom #1204 Reductions Reach Below Market Rate Units On Ora Way (And Others) Comments from “Plugged-In” Readers Posted by Rillion 6 years ago Yep, interesting spin on the same story and numbers. #1 (Sfgate) = It’s bad! #2 (Examiner) = It could be worse! Reply Posted by tipster 6 years ago So we’ve changed from the “ownership society” to the “profitless society”, where the only way to stay in business is to mark everything down to zero profit. The hotels with an “image” that prohibits them from marking down their rooms for fear of damaging the brand are losing insane amounts of business. The other hotels with less of an image to protect are essentially marking rooms down to their variable costs, ensuring a return of zero. Reply Posted by anon 6 years ago “So we’ve changed from the “ownership society” to the “profitless society”, where the only way to stay in business is to mark everything down to zero profit.” Yeah, but we’ll make it up on volume. Reply Posted by gumby 6 years ago Yeah, but we’ll make it up on volume. And everyone has a share (of the Syndicate) Reply Add a Comment Cancel Reply Comment Your email address will not be published. Required fields are marked * Name * Email * Website The reCAPTCHA response was either incorrect or empty, please try again. Enter the two words in the box: Enter the numbers you hear: Trending Foreclosed Upon, Trashed And Back For $3.5 Million Purchase Of Land To Build $889K Affordable Apartments Approved UCSF's Support For Warriors Arena Contingent On Traffic Plan $60M Price Cut For Hillsborough Estate, Seller Agrees To Move Eclectic Ashbury Heights Mansion On The Market For $4.5M New Violations Uncovered In Case Against City Commissioner High-Tech Woodside Home Fetches A Little Less Than In '05 House With Landmark Giant Sequoia Sells For $2.325M Church Sues To Block Sale Of Low-Income Housing To A Developer Oh Say Can You See What Should Be On This Site?