An excavator sits on a vacant lot located at 100 Gordon St., across from the Vancouver Island Conference Centre. PEG Developments is planning to build a $23-million, 172-room, nine-storey Courtyard by Marriott hotel on the property and will hold a groundbreaking ceremony on Jan. 29. (Greg Sakaki/News Bulletin)

Company behind proposed downtown Nanaimo hotel will hold groundbreaking ceremony

PEG Developments’ planned ceremony scheduled for Jan. 29

After months of delays, the company behind a planned downtown hotel is ready to break ground.

Utah-based PEG Developments announced in a press release that it will be holding a groundbreaking ceremony on Jan. 29 for its proposed $23-million, nine-storey Courtyard by Marriott hotel at 100 Gordon St., a vacant piece of land across from the Vancouver Island Conference Centre.

The ceremony will begin at 10 a.m. and includes “project updates,” comments from local city leaders as well a “tribute” to the Snuneymuxw First Nation, the release notes.

PEG bought the Gordon Street property from the City of Nanaimo in 2017 and construction on the hotel was expected to begin in 2019, but had been delayed repeatedly due to rising costs.

It’s not the first time a ceremony has been held on the vacant property. SSS Manhao International Tourism Group held an official ribbon-cutting ceremony for a planned 21-storey hotel on the same property, but in 2015, SSS Manhao pulled the plug on the project and sold the land back to the city.

RELATED: ‘We are all worried:’ Downtown hotel developers to meet with City of Nanaimo

RELATED: Downtown Nanaimo hotel project facing deadlines

RELATED: Developer of downtown Nanaimo hotel hopes to begin construction by November

RELATED: Downtown Nanaimo hotel project moving forward







nicholas.pescod@nanaimobulletin.com 
Like us on Facebook and follow us on Twitter and Instagram

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Astronomer discusses search for life in oceans of moons of Jupiter and Saturn

Jon Willis will present at Nanaimo Astronomy Society meeting Jan. 23

Regional District of Nanaimo to consider HandyDart bus fleet replacement

New light-duty, gas-powered buses sought by funding partner B.C. Transit

Ice chunk from truck crushes vehicle windshield near Nanaimo

None injured, but Nanaimo RCMP say fines for accumulations of ice and snow

Nanaimo theft victim confronts suspects with baseball bat

Nanaimo RCMP seek identity of two people alleged to have used a stolen credit card

VIU professor concerned about myths around insect apocalypse

Jasmine Janes’s work published in peer-reviewed journal BioScience

Canada to bolster screening of central China passengers for virus at 3 airports

Additional measures will include messaging on arrivals screens in Toronto, Montreal and Vancouver

Calls for dialogue as Coastal GasLink pipeline polarizes some in northern B.C.

Coastal GasLink is building the 670-kilometre pipeline from British Columbia’s northeast to Kitimat on the coast

Wind and snow spark power outages across Vancouver Island

Winter storm warning in effect for east and west regions while wind warning to hit south and north

BC Ferries hybrid ships arrive in Victoria on Saturday

The battery-operated vessels will take over smaller routes

Closed mills, housing surge support a positive forecast for lumber industries

B.C. lumber producers have closed mills accounting for 18% of province’s capacity, RBC report says

Good Samaritan pays part of rent for B.C. woman facing eviction in can-collecting dispute

Zora Hlevnjak, 76, supplements her pension by collecting cans and receiving public donations

Kelowna’s ‘Baby Mary’ finds biological parents after more than 30 years

Geneologist and DNA test helped her connect with her biological parents

Beefs & Bouquets, Jan. 16

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail editor@nanaimobulletin.com

Kelowna hotel to award couples for baby-making with Nooner deal

The deal includes a free stay every Valentine’s Day for the next 18 years

Most Read