Developer hopes to break ground on downtown hotel before end of 2018
NANAIMO — While the ghosts of failed hotels past have created many skeptics, there’s yet another sign a hotel behind Nanaimo’s downtown conference centre will come to life.
This week, Utah-based PEG Developments submitted their final building permit application for a $22-million, nine-storey hotel at 100 Gordon St. The scope of the project also increased for a third time, now calling for 172 rooms. PEG originally proposed six-storeys and 118 rooms before increasing the room count to 155 in November of last year.
Project manager Kevin Perry told NanaimoNewsNOW the decision to increase the number of rooms came after reassessing the local market.
“It was clear that there is ample demand to justify the cost of building additional rooms,” Perry said.