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Honestly, this makes a lot if sense. Any medium-to-large company will always need to book hotels for people traveling. At Apple's size it might be cheaper (and
by dmitriid 6y ago
Honestly, this makes a lot if sense. Any medium-to-large company will always need to book hotels for people traveling. At Apple's size it might be cheaper (and definitely more convenient) to operate their own hotel than to always look for ways to book and transport people around.
- deleted 6y ago[deleted]
- ghaff 6y ago>At Apple's size it might be cheaper (and definitely more convenient) to operate their own hotel Can be. Depends on the circumstances. There are the capital costs and then the company presumably outsources the running of the hotel to a hospitality company that needs to turn a profit on their management. In general, there's been a long-term trend away from companies owning corporate retreat properties, executive meeting centers, etc. A number of big old-line tech companies I'm familiar with sold off marquee properties over the past 2 or 3 decades. But if you're building a campus and there aren't great existing lodging options, it may make sense. They can presumably sell it off at some point if they don't want to own it.
- deleted 6y ago[deleted]