Tonga Room SF (Not) to be demolished? - General Tiki

C christiki295 Member LA-2547 mls east Hawaii &5500 Easter Is Joined: Apr 09, 2003 Posts: 3837	C christiki295 Posted posted on Fri, Mar 11, 2011 9:54 AM On 2011-03-09 18:52, croe67 wrote: On 2011-03-09 18:29, dangergirl299 wrote: I don't see why putting a hotel up for sale is a bad thing. Why not get a new owner who is less financially strapped that will not try to demolish the Tonga Room to make way for a parking garage for unnecessary overpriced condominiums? Unfortunately new owners tend to like new, shiny things. Not old things. Case in point: When The Palmer House Hilton was sold ~5 years ago in Chicago, one of the first things they did was give walking papers to a very old & historic Trader Vic's that we still miss tremendously :( I'm not a negative-nelly type. But I am a realist. Unfortunately, the Beverly Hills Trader Vics was closed after the property was sold to a developer for a huge hotel project. The real issue is that a new buyer is an investor who would only purchase to increase the revenue output.

On 2011-03-09 18:52, croe67 wrote:

On 2011-03-09 18:29, dangergirl299 wrote:
I don't see why putting a hotel up for sale is a bad thing. Why not get a new owner who is less financially strapped that will not try to demolish the Tonga Room to make way for a parking garage for unnecessary overpriced condominiums?

Unfortunately new owners tend to like new, shiny things. Not old things.

Case in point: When The Palmer House Hilton was sold ~5 years ago in Chicago, one of the first things they did was give walking papers to a very old & historic Trader Vic's that we still miss tremendously :(

I'm not a negative-nelly type.
But I am a realist.

Unfortunately, the Beverly Hills Trader Vics was closed after the property was sold to a developer for a huge hotel project. The real issue is that a new buyer is an investor who would only purchase to increase the revenue output.

Post #579903 by christiki295 on Fri, Mar 11, 2011 9:54 AM