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RFQ Lead to Discussions with <br />Three Hotel Developers <br />^ Community Development Resources, Inc. <br />proposed a Crown Plaza, full-serve conference <br />facility with health club <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 />^ The Beacon Group proposed an independent hotel <br />without a restaurant or meeting facility (similar to <br />.the Marina Inn) <br />Developer Discussions (continued) <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 />^ 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 />6 <br />