Expensive Quote by Tilman J. Fertitta
“You don't see a lot of super-high-end hotels being built in Houston because it's so expensive to build, unless you're in New York and can charge $1,000 a night.”
About This Quote
Source Interview: Tilman J. Fertitta on hospitality economics, 2021
Highlights how high construction costs limit luxury hotel development in expensive cities like Houston compared to New York.
In simple terms: Luxury hotels are rare in Houston because building costs are high.
Key Takeaway
Consider cost‑benefit before investing in luxury projects.
Themes
economics
real estate
hospitality
cost management
Mood
analytical
pragmatic
Type
business
strategic
When to use this quote
- budget planning
- feasibility studies
- location scouting
- pricing strategy
Key Concepts
market analysis
investment strategy
urban development
Questions to Reflect On
- Is there demand for upscale hotels in Houston?
- How can costs be mitigated?
A Different Perspective
May ignore niche market opportunities despite high costs.
