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Residence inn (continued) <br />^ Status: Agreement negotiated, <br />entitlements approved, ground lease <br />approved by Council <br />^ Hurdle: Developer unable to obtain <br />financing <br />^ Lesson Learned: The hotel market is <br />volatile <br />- ~`. ^ Project: High quality state-of- <br />.;, <br />=~ the-art 20,850 SF conference <br />~;~ <br />~~~ center 200 room hotel <br />~, ~~ ~ ~ restaurant lounge fitness center <br />~" ~'~} :~~,y and pool <br />~~ <br />,~,I c~ ~' a~3. <br />NT y ~ ,. Location: Blue Dolphin site <br />=~~. <br />,:~_ <br />-~~ ;~ - <br />"'`~, - _ _ <br />~~ ~ <br />2 <br />