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The 6 story Residence Inn is a joke. I would've rather seen a 10 story Embassy Suites there.
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Patrick, from what I understand, the Embassy Suites could not be built on that site. Hilton requires all Embassy Suites to have an atrium, which means you have to have a larger footprint. So, he would have had to move parking elsewhere-- presumably across the street. But across the street the owners are planning their own development.
While I am disappointed the Residence Inn will only be 6 floors, I am thankful for that. Let's not forget that Mr. Hammons has built a 311-room Renaissance (when no one was investing in downtown), a 225-room full service Courtyard Marriott, is building a 150-room Residence Inn, and will be building a 250+ room Embassy Suites. He is an out-of-state investor who apprears to believe more in this city than in-state investors-- who have not invested nearly as much as him to date.