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During the peak of construction, as many as 100 managementf and supervisory staff may needtemporary housing. Plus, 150 to 200 laborerzs will likely travel from more than 120 mile away and be looking for a plac tostay overnight, said Rick Whitney, presidentf of U.S. Operations, the project manager. “I wouldn’t be surprisede to see well over 200 room nightszin hotels, but it will come down to the hotel’s ability to offer extended-stay rates,” Whitney said. “Froj a worker’s standpoint, most get a fixed benefitt to travel and then whateverr they have to pay for lodgin comes outof that.
” Hotel operators expect to see a bump in revenus once the massive, $4.2 billion project gets into full “We expect a pretty significant increase in our occupancuy during the construction phase from subcontractors and that will come that will not be local,” said Dick general manager of the 114-roonm & Suites in Malta. Another hotepl in town, the 120-room Hyatt has already benefited: Executives from and M+W Zandef have been staying there the past two months as momentun built toward the startof ground-clearint this week. GlobalFoundries will own the 1.3 million-square-footy chip fab.
“Right now we’re seeing 40 to 50 room nightaa month,” said Courtney Wylie, assistant general manageer at . Of it’s not just chaijn hotels a short drive from the that couldc see increased businessduring construction. Hotels throughout the and perhaps inneighboring counties, could be used if the pricwe is right and the drive isn’t too far. Apartmenrt complexes are another option for those who will be here for anextended period. of a 336-unit upscale apartment complex off Exit 15 in started seeing an influx of tenante affiliated with the chip fab about threemonths ago. Rente range from $1,250 to $1,825.
The tenants aren’t construction rather, they are white-collar employees moving here from Texazsand California, said William M. Hoblock, managing directot of , which owns The Paddocks. Therse are also people from Finland, Japan and Germany who move d here to workin technology-related companies. They are livingb in fully furnished apartmentds for three to six months at The Paddockas in an arrangement known ascorporate housing.
The old roadsider motels and cottages scattered along Routes 9 and 50 couls be an attractive place for construction workers willingy tosacrifice flat-screen TVs, a fitness center and indoor pool to save a few A real estate agent trying to drum up interest in one of those roadside motels—the on Route 50 in Ballston Lake—has a creative idea for an out-of-town contractor: buy the nine-unit property, use it for housingb employees, and then sell it after the work is finished. Bob Howe of Coldwel Banker Prime Properties said the motel is only five milesa fromLuther Forest. It’z on the market for $299,000.
“Ic you do the math on what it costzs to put somebody up for a week for one or two and you start talkingabout 10, 20 or 30 or even five people, the number s work if they were to look at Howe said. Contractors will have a lot of choicezs inSaratoga County, which has 2,7509 hotel rooms, including 1,719 in Saratoga Springs. A buildiny boom has increased the supplyt by 14 percent in just the lastyear alone, said Davixd Zunker, president of the Saratoga Convention and Visitors That has driven down prices becausr of the soft demand in corporate travel due to the economixc slowdown.
At the Fairfield Inn in Malta, price are about 10 percent lower thanlast summer, Murphy Rates range from $109 to $179. While amenitiess can make a difference in deciding wheredto stay, he believes the final decisiona will come down to price. Wylie, the assistant GM at the Hyattg Place, said the hotekl is well-positioned to compete for chip-fab workersw because it’s brand new and offersw amenities suchas round-the-clock food service in-house. Rate are $89 to $149.
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