City initiates market analysis of VICC and future hotel
Contract awarded to carry out study
NEWS RELEASE - Distributed February 12, 2016 1:00 PM
Summary
Work is underway on a study that will see CBRE Limited Canada conduct a market analysis of the Vancouver Island Conference Centre and the adjoining site at 100 Gordon Street for a proposed hotel. The study, requested by Council in the fall of 2015, will include:
- Current market and community context
- Current industry trends
- Supply analysis (including competitor analysis)
- Demand projections
- Impact of proposed hotel on performance of the VICC
- Feasibility and market study of the proposed hotel
- Five-year financial thresholds for the VICC
CBRE is currently in the process of compiling data and completing market research. This research will include working with the current VICC operator to review operating revenues and meeting with local hoteliers. The study is anticipated to be completed by the end of March within a budget of $60,000.
Link to Strategic Plan: Taking responsibility to be an excellent municipal government.
Key Points
- This study will provide Council with information required to develop a RFP to market the hotel site at 100 Gordon Street later this year.
- The study will provide Council with a thorough understanding of the Conference Centre’s performance from the perspective of either having a hotel or not having a hotel.
- The study will inform the Core Services Review process.
Quotes
Contact:
Print News Release
-
Parks, Rec & Culture
- Recreation Facilities & Schedules
- Parks & Trails
- Activity Guide
- Events
- Register for a Program
- Drop-In Schedules
- Public Art
- Culture
- Poetry
-
City Services
- Garbage & Recycling
- Home & Property
- Water & Sewage
- Emergency Services
- Online Services
- Cemetery Services
- City Services Directory
-
Property & Development
-
Building Permits
- Online Building Permit Application
- Building Permit Revision
-
Application for a Residential Building Permit
- Access (driveway) Permit
- Accessory Building Permit
- Alteration Permit
- Building Envelope Repair
- Carriage House
- Demolition Permit
- Fence or Retaining Wall Permit
- Geotechnical Reports
- Locate Permit
- New Construction Permit
- Plumbing or Services Permit
- Secondary Suite Permit
- Special Inspection Permit
- Swimming Pool Permit
- Woodstove Installation Info
- Green Home Initiatives
-
Apply for a Commercial Building Permit
- Access (driveway) Permit
- Commercial Alteration Permit
- Building Envelope Repair Permit
- Demolition Permit
- Fence or Retaining Wall Permit
- Geotechnical Reports
- Leasehold Improvement
- Locate Permit
- New Commercial Construction Permit
- Occupant Load Permit
- Signs Permit
- Special Inspection Permit
- Sprinkler Requirements
- Fees and Bonding
- Commercial Plumbing Permit
- Bylaws for Building
- Forms and Guidelines
- Book a Building Inspection
- Report Illegal Construction
- Request Building Plans
- Building Permit Statistics
- Permit Fee Calculator
- Building News and Alerts
- Fast Track Building Permits
- Development Applications
- What's Building in my Neighbourhood
- Development Activity Map
- Community Planning
- NanaimoMap
- Rebates
- Engineering Survey
- Land Use Bylaws
- Soil Removal and Depositing
- Heritage Buildings
-
Building Permits
- Transportation & Mobility
-
Your Government
- News & Events
-
City Council
- Contact Mayor & Council
- Council Meetings
-
Boards & Committees
- Advisory Committee on Accessibility and Inclusiveness
- Board of Variance
- Design Advisory Panel
- Finance and Audit Committee
- Governance and Priorities Committee
- Mayor's Leaders' Table
- Parcel Tax Roll Review Panel
- Special District 68 Sports Field and Recreation Committee
- Understanding Council Committee Structures
- Public Safety Committee
- Council Policies
- Mayor's Office
- Council Initiatives
- Proclamations
- Bastion Lighting Requests
- City Bylaws
- Budget & Finance
- Records, Information & Privacy
- Elections
- Departments & Contacts
- Careers
- Maps & Data
- Projects
- Tourism
- Community Safety and Wellbeing
- Grants
- Awards
- Accessibility & Inclusion
-
Doing Business
- Economic Development
- Doing Business with the City
- Business Licences
- Filming in Nanaimo
- City Owned Property
- Encroachments onto City Property
- Liquor Licences
- Cannabis Retail
- Business Improvement Areas
- Procurement Services
- Get Involved
- About Nanaimo
- Green Initiatives