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The BEAR analysis said that hotel and airport payroll costs would increase by 32%, consumer prices at businesses paying the wage would increase 6%, and that consumer spending would be $21 million ...
Hyatt Hotels, however, had the right to match that bid under its contract with Boston Properties. Hyatt did so, and the hotel sold on August 8, 1995. The price of $194,196 per room was 21.3 percent higher than the $160,000 per room that other recent hotel sales in the city garnered, and industry observers called the price "very high". [18]
The reported price of the sale was $5.7 million for the $8.5 million hotel. [15] But in fact, costs had risen much higher, and the hotel's final cost was closer to $11 million ($191,111,954 in 2023 dollars).
Hotel amenities included a concierge and daily or weekly maid service, but no room service (although a continental breakfast was offered on weekdays). [ 7 ] Prices for AKA White House in 2005 were $165 ($257 in 2023 dollars) a day for a one-bedroom unit to $595 ($928 in 2023 dollars) to $895 ($1,396 in 2023 dollars) a day for penthouse suites.
2. Atlantic City, New Jersey. Average Home Price in 2019: $208,697 Average Home Price in 2024: $361,721 Price Increase: 73.3%