What exactly does the Halifax Club do, as is? As in, what are their holdings and portfolio and activities, etc., besides a bunch of rich folks hobnobbing in a fancy building? What would they do with a hotel? Etc. Genuinely, I have no idea what their deal is, besides being a private business club.
(I doubt they would/could redevelop the building—it's a registered heritage property and seems pretty integral to their whole old-money aristocratic air.)
EDIT:
Lookie here. They want to preserve the existing building and add what I guess would be a sort of boutique hotel on top of it. Could be cool, if it's well done. (I would really hope it wouldn't necessitate screwing with the integrity of the building's interior elements, 'cause they look might impressive.)
Coincidentally, there's an
almost identical project just planned for a mid-rise historical hotel in Toronto.