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HomeMy WebLinkAbout[06a] Hotel Feasibility Study Presentation CITY OF ST. J OSEPH www.cityofstioseph.com Administrator Date: June 5, 2014 Judy Weyrens Memo To: Members of the EDA Mayor City Administrator Weyrens Rick Schultz Memo From: Cynthia Smith-Strack-MDG, Inc. Councilors RE: LHR Hotel Feasibility Study Presentation Steve Frank Bob Loso Renee Symanietz Background: Dale Wick In April the EDA approved participation in a hotel market study after soliciting proposals for the EDA study. Doug Danielson The EDA and a private investor are splitting the cost of the study evenly.A portion of the study Steve Frank containing propriety investment data will be shared only with the investor.The majority of the Larry Hosch study including market supply and demand analysis will be available to the public. Gary Osberg Dale Wick Joel Cairy and Doug Rohde from LHR Hospitality will be attending the EDA meeting to present public information from the study. The study is due in by June 10th. In the event I take receipt of an electronic copy prior to the meeting I will forward it to you. Action: Comment and discussion are in order. is THIS PAGE INTENTIONALLY LEFT BLANK 1