Foundation 8 is putting $120M into converting a dead Phoenix hotel into residential units at $200K per door. The number looks reasonable until you decompose what "attainable luxury" actually means for returns.
Congress can't get an immigration bill across the finish line, and if you're running a hotel that depends on immigrant labor for the back of the house... which is most of you... the staffing math you budgeted for 2026 is already wrong.
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