Aggieville basically already has one hotel. The number of hotel rooms in Manhattan has already doubled in the past 4 years.
If someone wants to build one, it's their money. The hotel will basically just siphon money from other hotels at this point though. It won't help tax rev in the community so the city shouldn't give them any incentives. Also, the proposal had the entrance on Bluemont so the traffic there would be a cluster.