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Originally Posted by trueviking
What are 'all these hotels'?
Alt, Westin, waterfront & convention centre. Two are under construction, one is contractually bound to happen and the other is doing geotechnical testing. It's hardly a glut of new hotel rooms.
It isn't Westin spending the money. They are a flag. It's the private developer. They have spent more than a million dollars to this point. They would not do that if their business plan didn't work. The testing is the final confirmation. If they don't find anything that blows the costs up it will happen. Trust me. It's at least 90%.
I have intimate knowledge of this project. They would have pulled the plug long ago if it didn't work.
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Yes but isn't the P&M supposed to be mixed use with a hotel component ? Maybe I read it wrong. Wasn't SoPo supposed to have a hotel component ? Lakeview ? Alt , Convention Center ,Westin , waterfront ... that doesn't seem like a bit of surge in rooms for the core ?
I'm not claiming to have any insider knowledge of anything but even with what's announced so far , doesn't that seem like an awful lot of new rooms to hit the market at once ? I mean , for a city like Winnipeg anyway , given that it's not exactly Orlando or Vegas , how many new rooms does this city need ?
If the market is actually there then I'm happy as a clam about it. All I'm saying is that it seems like recently everybody is announcing a hotel to go in the downtown area. Probably just my faulty perception but it also seems that if there was that much demand for all these rooms , they'd have been built years ago. Not trying to be negative , just realistic.