NEW NANAIMO HOTEL TO START BY MAY 31
It is reported in the local press that the hotel component of the new convention centre will break ground by the end of May of next year, with the contract being signed with a general contractor by the end of January.
The hotel which has been scaled down to a 18 storey hotel from the original 37 storey building originally planned apparently appeals to financial backers.
The hotel will have 170 rooms at a cost of $50 million dollars, with it's financial success being assured by the business generated by conventions, and the fact that hotel rates apparently are on the rise in Nanaimo.
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