What do you think of this project?

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    64
Stevey_G said:
The lack of underpinning limited the height but it's still good for like 40 stories.
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The Plan was for a min of 50 stories. The slab was smaller than Stantec Tower. Regrettably I did not get that slab. it was supposed to be something like 50-60 70 for the towers.

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^ Could be one of Marriott's other brands -- Series by Marriott with a residential tower would make sense, limited by 44 stories of upward expansion -- 20 hotel and 24 apartment would be my guess. Their current mix in ICE seems to be working well for them. With the new Fan Park on the to-be-built schedule an additional Marriott brand makes sense particularly if they include the land on 104th Street in the mix -- potential for some real creativity downtown.
 
IIIIIFFFFF it is a hotel, I'd guess that it is ALT and a mixed use tower by a major developer/investment group from the east.

But I honestly am throwing darts at a wall.
 
You WANT it to be an ALT hotel but look at Marriott taking over the Universe with over a 50% market share, it HAS to be Marriott, which is not a bad thing……
 
IanO said:
The challenge is that our RevPAR (revenue per available room) is exceptionally low, under 100 if I recall correctly. Our ADR (Avg. Daily Rate) is also very weak and at a level that hoteliers have told me that it's is a spot too low to justify major investments and occupancy continues to fall to somewhere in the mid 50s.

It's a challenge given our market, lack of business travel and WEM drawing people west from potential Downtown properties to boost those numbers.
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For one reason and one reason ONLY….Mountain Parks tourists…..without them…..they’d be on par with us…..
 
Winnipeg is the government as well as business/financial centre for Manitoba so they get a lot of travel for each.

I can't speak for the condition of their hotels, but here it mostly seems the same old, same old ones downtown for decades with the exception of the of the JW Marriott, so it is likely tired product here is part of the reason for this.
 
MakeYEGGreatAgain said:
^ Winnipeg RevPAR is 30% higher than Edmonton. I don't think tourists are lining up to visit Winnipeg. it's the product mix which in Edmonton is heavily tilted toward crap and many hotels that require a complete flip.
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RevPAR doesn't necessarily tell you what the product mix of hotel rooms in a city. RevPAR = Total Revenue / Number of Rooms It's possible that Winnipeg has fewer hotel rooms than Edmonton which results in Winnipeg having a higher RevPAR (have not researched). The ADR doesn't necessarily reveal the product mix of hotel rooms in a city either as ADR is influenced by the supply and demand for rooms and all the external factors that create a market for any given location.
 
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