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Two J. W. DIAMOND VICE PRE5IDENT b a( Estate Research Corporation 72 WEST ADAMS STREET • CHICAGO 60603• PHONE: 312-346-5885 • CABLE:RERCO Mr. C. Wayne Brownell, Director City of South Bend .Depc rtment of Redevelopment 1200 County -City Building Sout Bend, Indiana 46601 Dearl Mr. Brownell: October 20, 1975 I_J L--.J L! I� (__ We viere particularly pleased with the expression of your confidence. in the services provided by Real Estate Research Corporation as stated in yours of October 9, 1975. In the recent analysis of the proposal for additional transient facilities in downtown South Bend, as well as in the other assignments completed for the City, we have made every effort to deserve these comments. We certainly share with you a- considerable regret that market conditions do not support the highly imaginative project presented to the City by Mr. Medlock. We do not appreciate, however the allegation that our firm performed the study in a "superficial" manner. In your letter, the qualifications of the analyst involved in the study are well presented and we thank you for your remarks. Asa matter of interest we can add that, subsequent to the analysis of the Albert Pick Hate , our firm has been involved in 17 additional real estate consultations in South Bend, including in -depth studies of the hotel market conducted in 1968 and again in 1972. In th past 12 months, I have been personally involved in studies for hotels and motels that ill be affiliated with the following national firms: Hilton Hotels Corporation Ramada Inns, Inc. The Stauffer Corporation Lex Hotels, Ltd. Braniff International Hotels Americana Hotels Holiday Inns, Inc. Sheraton Hotel Corporation Four Seasons Hotels, Limited Western International Hotels Playboy Club Hote Is Radisson Hotels CHICAGO N W YORK WASHINGTON,.D. C. • ATLANTA • MIAMI • ST. PAUL • ST. LQUIS • KANSAS CITY - DALLAS • HOUSTON SA FRANCISCO • LOS ANGELES ASSOCIATED WITH CANADIAN REAL ESTATE RESEARCH CORPORATION LTD.