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Old 12-27-2011, 06:56 AM
 
Location: The 12th State
22,974 posts, read 62,658,570 times
Reputation: 15025

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Charlotte hotel-room rates are quadrupling or more for the 2012 Democratic Convention, which will be held Sept. 3-6 in the Queen City. The increases won't affect many of the official attendees because Democratic National Committee organizers have reserved rooms and locked in rates for more than 6,000 delegates and others for the event.

read more Charlotte hotel rates going up for convention (http://www.charlotteobserver.com/2011/12/26/2878740/hotel-rates-zoom-for-convention.html - broken link)


So I was curious what the rates look like and went to kayak.com (no affiliation) The Blake only seems to be a deal and Im sure rooms will not last long at $159.

All the other Uptown hotels has Call so either rate extremely high or no rooms.

Matthews Bed & Breakfast is at $325
Sleep Inn- Billy Graham and Northlake $260
Red Roof airport $203

It will be interesting to see how rates play in a few months.
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Old 12-27-2011, 07:25 AM
 
8,402 posts, read 22,737,167 times
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It's that artificial financial tenet of supply-and-demand we all subscribe to. Basically it comes down to screwing people when you can.
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Old 12-27-2011, 02:52 PM
 
Location: Lake Wylie, SC
622 posts, read 1,694,395 times
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If you think the hotel rates are high, go to craigslist and see what people are trying to rent their homes for. Just go to housing and search using DNC.
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Old 12-27-2011, 08:01 PM
 
119 posts, read 231,173 times
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I was offered $3000 for the week at my 1-bedroom uptown condo which I am currently renting to a monthly tenant for $1100/month. But the HOA does not allow short term rentals (though it wouldn't really matter since I have a tenant in the lease anyway).
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Old 12-27-2011, 08:16 PM
 
Location: State of Being
35,881 posts, read 72,736,116 times
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I say - go for it. Get 'em for all its worth. The market will sustain what the market will sustain!

Create your own stimulus package - at $300 a night.

I am liking this.
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Old 12-27-2011, 09:21 PM
 
Location: Charlotte, NC
4,761 posts, read 7,314,083 times
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If I was in a position to ream the DNC attendees, I would, assuming they are willing to pay it. It's not a political thing. There are only so many available rooms/rentals and even more people coming to town. Just think of what kind of revenue we should see from the hotel/motel tax.

The funny part is that we will probably see several posts here asking how close Rock Hill is to Charlotte. Or Greensboro, or Monroe, etc.
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Old 12-27-2011, 09:27 PM
 
3,115 posts, read 6,744,662 times
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This is no different than hotels at the beach having the highest rates during summer. Good for our local hotels!

Now who wants to rent my house for a couple of days??!!
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Old 12-27-2011, 09:35 PM
 
Location: Charlotte Metro Area
2,173 posts, read 3,876,764 times
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From the article:

"But Patel said attaching high prices for open rooms is done for marketing purposes - it attracts attention, and allows properties to come up at the top of Internet searches. He said he doesn't expect anyone to book rooms at those prices"
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Old 12-27-2011, 09:49 PM
 
Location: The 12th State
22,974 posts, read 62,658,570 times
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I grew up in the triad and this reminds me of Spring & Fall Furniture Market week with hotels rates up and people renting their homes.
As far as HOA I would say heck go for it anyways the income would compensate a fine, and how would they even know.

I knew above post is said in Jist but as individual and not a business can list in city-data classifieds.Classified Ads
Its automatically index in Google.
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Old 12-27-2011, 10:02 PM
 
6,683 posts, read 11,324,394 times
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Quote:
Originally Posted by spankys bbq View Post
The funny part is that we will probably see several posts here asking how close Rock Hill is to Charlotte. Or Greensboro, or Monroe, etc.
IMO, Winston-Salem will be the best option for those not wanting to pay the jacked-up rates near Charlotte. Without speeding, the drive time from uptown Charlotte to downtown Winston is about an hour and 15 minutes (that's if traffic is not an issue). Special DNC shuttle services from places like Columbia, Winston, and Asheville could make a small fortune that week.
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