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<br /> <br />San Leandro Marina: ~~~ <br />Evaluation of Market Opportunities <br /> <br />. Report developed by Sedway Group- Real <br />Estate and Urban Economics in 2000 <br /> <br />. Conclusions included: <br /> <br />- The existing businesses are successful despite <br />minimal advertising <br />- Additional uses will add to the critical mass <br />and make the Marina a more attractive <br />destination <br /> <br />Evaluation of Market Opportuniti <\~ <br />(continued) ~~ <br /> <br />- Marina Boulevard will require aesthetic and <br />functional upgrades and improvements to <br />make the Marina an attractive destination <br /> <br />- The loss of the visual activity associated with <br />the Marina harbor could negatively affect the <br />performance of the existing and future <br />businesses <br /> <br />. <br /> <br />RFQ Lead to Discussions with <br />Three Hotel Develo rs <br /> <br />. Community Development Resources, Inc. <br />proposed a Crown Plaza, full-serve conference <br />facility with health club <br /> <br />. Hospitality on the Green proposed a 130 room <br />hotel with a covered colonnade connection to the <br />golf course. Golf course development included a <br />restaurant and club house, 16 casitas and 8 <br />duplexes <br /> <br />. The Beacon Group proposed an independent hotel <br />without a restaurant or meeting facility (similar to <br />the Marina Inn) <br /> <br /> <br />Evaluation of Market Opportunitie <br />(continued) <;;\" <br /> <br />- One or two additional restaurants would likely <br />receive market support (ethnic and brewery/ <br />restaurant) <br /> <br />- The greatest potential for additional hotel rooms <br />lies in a mid-range, full-service product that <br />offers meetings space and golf packages <br /> <br />- The most appropriate site for a hotel would be <br />the Blue Dolphin site <br /> <br />4t <br /> <br />Hotel RFQ for Boatworks Site <br />2000 <br /> <br />. 8 proposals were received <br /> <br />. All potential developers were interviewed by <br />staff <br /> <br />. Most proposals did not meet criteria, due to <br />- Low quality of hotel <br />- Inclusion of residential development <br />- Interest in the master development approach <br />- Interest in purchasing property <br /> <br /> <br /> <br />Developer Discussions (continued) <br /> <br />. Hurdles: Unable to obtain financing due to <br />devastation of the hotel industry after 9-11 and <br />collapse of conference center market after <br />dot.com bust <br /> <br />. Lessons Learned: <br />- A hotel may need publiC financing assistance <br />- The hotel and conference center market is volatile <br />- Developers are interested in developing the entire <br />Shoreline Study area, as opposed to developing site <br />by site <br /> <br />3 <br />