Priceline Hotel: 4* Chicago NMA Intercontinental

[betsybug]

Bid Date: 5/7 - 3 days before

Bid History: 2 bids rejected

4* NMA $60

4* NMA+Lincoln Park (free rebid) $65

PL counteroffer: $77

Winning bid: $70 NMA+Midway (free rebid)

Rooms: 1

Taxes Paid: $22.36

PL paid estimate: $68

Lowest web rate for hotel & dates: $149

From pre-bid research I expected accepted bid to be lower than $70 because:

1. High room availability due to:

a. No conventions;

b. No sold out hotels;

c. Low tourists due to holiday, Mother's Day.

2. Very low rates on 4* NMA for this weekend, e.g. Hyatt Regency $92; Westin $121; Doubletree $116; Sheraton $109.

[thereuare]

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