Although you hear great things about hotel recovery, the industry is still not back. Lots of inner-city construction is not feasible for a pure and simple hotel. It doesn't work.

If you're a developer, the first criterion is that a hotel must be justified on that spot. If a hotel isn't justified, it should not be built.

Accommodations are more like those of a dormitory than a hotel. These hotels are operating with few staff members, as a majority of hotel workers were among the thousands of people ordered to evacuate. Those hotels providing temporary shelter today will require significant refurbishing in the future before resuming normal operations and welcoming the traveling public.

I would not be gloom and doom because it is not at all gloom and doom.

I taught for 17 years in an inner city comprehensive schools.

It is harder now than ever to find good people who want to work in the construction industry, ... Construction is a hard way to make a living and if you don't enjoy it, you just aren't going to do it. And more people have decided they are not.