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Originally Posted by wags_in_the_peg
the Vancouver market for such a place is quite a bit different than the Winnipeg market. I hope it all works out, but high end luxury suites is not in huge demand
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Northland seems confident enough to invest 100 million in this Development, from the FP article in September:
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Winnipeg has been a tremendously stable market over the long term, maybe not a high performer," Gaglardi said. "This hotel project will carve out its own market and I think it will grow the market. Right now there are events and functions that won’t come to Winnipeg with the current complement of lodgings downtown. A hotel like this will help the convention centre and help the city."
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They are not unfamiliar with the Winnipeg market besides owning the Dallas Stars they own the Sandman Hotels, chop steakhouse and sharks club. they may pick up the NHL business from the Fairmont With the luxury concept.