I agree entirely. This project is nothing to swoon over. The majority of "Homewood Suites" are low budget, composed entirely of stucco, usually located on the sides of highways for truckers, or downtown cores for extended stays. And reading CBC's article on a nine million dollar loan to Vranich only further proves my point.
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Vranich submitted the application for the Hamilton Downtown Multi-Residential Property Investment Program on behalf of 132 Main Street Inc., the registered property owner of the Bay Street South site, which he also owns.
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The 15-story, 182 suite hotel is expected to have a full kitchen in every unit and “is identical to a multi-residential building,” said McDiarmond.
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Its not even being called a hotel anymore. Its now classified as a "Multi-Residential Property". I can't help but get the feeling that this building will somehow morph into a housing project for recovering addicts, the homeless, abused women, and those who lost their home due to a fire paid for by insurance companies, or some sort of charitable group. Once again, my hopes have been raised for nothing. Here's to a renewed destitute-free downtown -- NOT.