Doesn't that suggest the club decided to move the hotel from from the Collar site to where it is now?
Having 2 separate hotels next to each, and filling over 600 hotel rooms per week is a very big ask and financial commitment for the club. Poor performaning hotels are notorious for losing money, just ask Gary Neville.
We also have to remember there are no football matches between May and August, roughly 4 months. Admittedly there will more concerts and events at the Coop Live Arena.
As I posted earlier, I'm more inclined to think City will stick with 1 hotel for now. Assess how the hotel is performing, stays, profit, etc, and if the hotel is doing very well, and the club thinks it can sustain another hotel close by, only then will the club build a 2nd hotel.