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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 />�LI � <br />_I :; ■ <br />Project: High quality state -of- <br />- <br />A <br />the -art 20,850 SF conference <br />,-.a- , <br />center, 200 room hotel, <br />restaurant lounge, fitness center <br />� <br />and pool <br />-Location: Blue Dolphin site <br />�•.• <br />3MLgs <br />0 <br />I <br />