It looks nice. Sadly, Edmonton has never really focused much on tourism as much as other cities, probably more potential than we realize if we made the effort.
There are several older underused office buildings downtown that could be converted into nice hotels and some good sites for new ones too.
To be blunt, there isn't all that much tourism potential here, not compared to Calgary, and that's why a lot more effort will be needed.
Jasper remains the best potential driver. If it wasn't for that Edmonton's tourism draw would max at Saskatchewan levels.
But Jasper is nowhere near convenient enough, and because you can't see the mountains from Edmonton the Jasper angle needs major marketing efforts. And major access improvements. Think 3x daily 200kph+ rail link.
Doesn't necessarily help downtown all that much, but it could drive a few hotels colocated with the regional rail station.
Near term, I think the best play for central/DT is continuing to get as many empty lots filled as fast as possible. That means not opening up new areas for redevelopment, like exhibition lands, rossdale, etc. There's still at least a decade or two worth of infill to be done in the existing areas.
I'm encouraged by the developments around the new park, and I think there could be a tipping point in perceptions once the buildings surrounding it are complete. The six storey wood frame isn't a bad size, just need to keep improving finishes and architectural quality of those builds.