What do you think of this project?

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^ It's not impossible to build an exact likeness of the Tegler on this site (needs a different developer though methinks). It would be cool when/if that happened a rebirth of Zellers became the ground floor tenant. As to a tower above I think something more in contrast to the Tegler would be more exciting.
 
IanO said:
A new proposal in Downtown Van that would look REALLY good here.

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It astounds me that within Canada, Edmonton is one of the only large cities that has only one new, nice hotel downtown.
 
Well the Mac is not so new anymore, it is from the era of the Palliser, the Royal York and Hotel Vancouver. The JW and Doubletree Hilton are the only new hotels downtown in decades.

Also as the city continues to grow and gets busier, I expect there will be more severe problems with enough accommodation downtown for major events like the big concert in September.

I am surprised nothing new has happened with vacant lots in prime locations available and several older office buildings in good locations that could be converted to being hotels.
 
David A said:
Well the Mac is not so new anymore, it is from the era of the Palliser, the Royal York and Hotel Vancouver. The JW and Doubletree Hilton are the only new hotels downtown in decades.

Also as the city continues to grow and gets busier, I expect there will be more severe problems with enough accommodation downtown for major events like the big concert in September.

I am surprised nothing new has happened with vacant lots in prime locations available and several older office buildings in good locations that could be converted to being hotels.
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My bad, I just saw the nice, not the new part.
But yeah, I agree that we should get a couple more nice hotels DT. I have a friend from Calgary that comes up to Edmonton at least once a month for work and spends the week, and she's been finding it increasingly hard to book rooms at the good hotels, and when she can, rates are alarmingly high sometimes, even booking with 2-3 months in advance (as high as $500/night with corporate discounts). I feel like there's a missed opportunity by hotel chains and I wonder if it has to do with some of the perceptions of the city as a whole, not just DT, not being a tourist destination.

This friend used to stay at the JW almost every time, and sometimes at the Fairmont, and now she can barely find rooms at these, unless she books with a lot of advance. And I'm not even talking weekends, or anything. It's regular workdays she has to spend up in Edmonton.
 
Yes, I agree there are perception issues, not so much negative, but more Edmonton just not being on the radar of those elsewhere who consider new projects, in part because we are not as much of a tourist destination.

You can't go for almost four decades with only one new major hotel downtown while the city doubles in size and expect somehow that will work just fine.
 
David A said:
Yes, I agree there are perception issues, not so much negative, but more Edmonton just not being on the radar of those elsewhere who consider new projects, in part because we are not as much of a tourist destination.

You can't go for almost four decades with only one new major hotel downtown while the city doubles in size and expect somehow that will work just fine.
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It’s purely a function of room rates and revenue per room (which can be less than half the room rates) and noting that revenue per room is gross revenue and has to cover all expenses before there’s any margin. It’s not that we’re “not on the radar”, it’s that the numbers don’t pencil.
 
I don't feel it is just room rates, which first of all assumes a competence of large organizations that I am not sure exists.

Secondly, much our hotel room stock downtown is quite old and some I would say are getting a bit dated, so there may be a bias there in the rates that reflects the supply more than the market.
 
What potential is there for the Westin or sandman to be converted to residential and then have those chains move into a newly built hotel building?
 
edm13 said:
What potential is there for the Westin or sandman to be converted to residential and then have those chains move into a newly built hotel building?
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I'd be very surprised if that happened. Also, I feel like we'd be better off with new residential buildings where it would be easier to have more 2 and 3 bedroom units.
 
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