A beautiful new hotel, with a prime location shut its doors in Aug due to the economy and hard times. It was such a disapointment to all around because it was not only a beautiful new hotel but the location was superb. Located right across the street from the famous Indian Wells Tennis Garden, this one one closure no one anticipated.
However the good news is, Homewood Suites was able to restructure the loan and will be reopening in January. Not only is this a great sign of the market getting better but is also good for the valleys low unemployment rate. The hotel has rehired the former employees and many will have a job in the new year.
Is this truly a good sign that the tides are changing?
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