With the recent closing of the Bedford Travelodge, a question that frequently comes up is: Should another hotel be built in Bedford?
Taking a look at current hotel rates in the Bedford area, it seems like there is high demand by business travelers. The full service hotels, Bedford DoubleTree and Burlington Marriott are currently over $300 a night during the week and $100-150 on the weekend. The other nearby hotels such as the Billerica Hampton Inn or Billerica Courtyard range from about $150-250 during the week and around $100 on the weekend. Further away from the business parks, the prices are lower for The Bedford Plaza and Bedford Motel (close to $100 during the week and a little lower on the weekends).
It might make sense to add a business oriented hotel near the Crosby Drive area. The challenge would be filling enough rooms on the weekend. If I had to pick a location, I would go with Burlington Road (MA62) between Crosby Drive and The Melting Pot where there are a couple of vacant office buildings. This is right off Route 3 but still very close to Crosby Drive and Middlesex Turnpike.