12/15/2008

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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