Kevin Flatley, owner of James Street Inn in De Pere, and Denise McGinnis, general manager of the Travelodge in Ashwaubenon, believe there are too many rooms in the area.
said an expansion of hotel brands is fracturing the market.
"The loyalty isn't there," he
Flatley was an investor in Nicholas Investment.
said the economy and credit problems were the property's undoing.
"We had it turned around.
When I bought it, it was less than 40 percent occupied.
We brought it up to 54 percent," he
said the value of hotel properties has dropped, and with it their ability to get lines of credit.
"You can't get a line of credit and you need the cash flow," he
, who continues to operate the James Street Inn
in De Pere, said they still have their loyal customers, but corporate travel has stopped.
said they make adjustments to try to attract business, including modifying the menu at Andrews, their on-site restaurant.