After Sept. 11, they got bruised here in San Francisco. They had all their eggs in this basket. |
Everyone says they're going to double in the next five years. Nobody says they're going to grow by 22 percent. There's a little bit of marketing hype there. |
Overall, (2005) was a great year for San Francisco and we're at the beginning of what we perceive to be a strong rebound period. |
We are looking at a probably five-year period before that market gets to true balance and economic health. |
We are looking at three to five years, probably five years, of real solid income here in San Francisco. We see it being a very positive period for the (hotel) industry. |