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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 />