Fairmont Battery Wharf to open in Boston at challenging time

12/15/2008 | Boston Globe (tiered subscription model), The

The Fairmont Battery Wharf will open this week in Boston despite one of the worst recessions in decades. PKF Consulting says hotels in the Boston area can expect a 6.5% drop in revenue per available room in 2009, and some observers say that with room rates starting at more than $400, Fairmont Battery Wharf's strategy is risky. But the hotel's general manager said the company didn't want to lose its one chance to position the hotel.

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