NANAIMO – PEG Development began site work for the new hotel at 100 Gordon Street in December, 2019, and construction is now looking up, nine storeys up, and that’s soon what we’ll see. With the project moving forward, PEG Development hosted a ceremonial ground-breaking on January 29, to make it official.
Leonard Krog, Mayor of the City of Nanaimo
“Now that shovels are in the ground at the hotel site, we’re one step closer to the ribbon-cutting and seeing the true potential of the conference centre come forth. This is an exciting time for development in Nanaimo, and this hotel is key in the continuing revitalization of downtown and economic investment in our community, ” said Leonard Krog, City of Nanaimo Mayor.
Bringing a compatible hotel to the property directly across the street from the Vancouver Island Conference Centre has been a part of planning since the development of the conference centre began. This project will assist the Conference Centre in attracting larger conventions by adding more hotel rooms in our downtown core. Also close by are the Great Canadian Casino, Port Place Shopping Centre, the Port Theatre, Vancouver Island Regional Library and Diana Krall Plaza.
Two previous hotel developments were approved for the site (2008 and 2013), but the developers were unable to meet timelines under their development agreements with the City.
The property was sold in 2017 to PEG, a Utah-based company specializing in commercial and residential development. They recently opened a Courtyard by Marriot Hotel in downtown Prince George.
Robert Schmidt, President of PEG Development
“I am so energized and excited by the fantastic show of support by the community and business leaders at today’s ground-breaking for the Nanaimo Courtyard by Marriott. We at PEG are excited to celebrate with the community and get to work to build this beautiful hotel,” said Robert Schmidt, president of PEG Development.
The Nanaimo Courtyard by Marriot will be nine storeys high and will have 172 rooms. Construction is expected to be complete in 2021.