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Nov 24, 2019Hotel Development / Extended stays project.  Development is proposed to be a 6-storey hotel with 104 rooms. Site is situated on approximately 2 acres and located within walking distance to the busiest hospital in the region as well as the regional University. Significant amount of investments have already been made to bring the project to this stage, including drawings and a 3rd-party AACI appraisal and market study supporting the economics of the project. All utilities are already available to the site and it is already zoned for hotel development. Seller is a local developer and willing to either sell the land and project outright or discuss options including joint development with a successful hotel operator.

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