and they may have stayed with you. That is what will make you more nervous, and try to emulate all the great things you do!
They are not competition however, whatever they are, it won't be your place, and your innkeepers.
I know how you feel there is one opening (converting an historic home) into one a couple blocks from us. They can REALLY pull the historic card as it has one of the favorite generals of the Civil War Law Office on the property. It is also right next door practically to our hospital, so may get more that way (visiting Drs etc), or perhaps just more functions? They bought it for a bargain, they could have bought this stock lock and barrel, so they still have to add 5 bathrooms etc and tons of renos which cost big bucks.
I wish for you instead of dread, to be excited, they may be someone who can really boost your area, such as yourselves are doing! You never know K9!
.