Fifty-one percent of respondents to a Real Estate Weekly poll say they aren’t worried about overbuilding in the local hotel market. Forty-six percent of the people who responded to an online survey say they are worried too much building has gone on, and 3% are unsure. Nearly 125 people took the poll. According to figures from the Baton Rouge Area Hospitality Management Association, in the past two years 1,000 new hotel rooms have opened locally and there are another 1,000 rooms in the construction or final planning stages.
This week’s question: Are you seeing an increase in activity in the local real estate market over the past two months?
