Penticton city council will discuss approving a six-storey, 105-room hotel and restaurant in a currently empty lot near the Penticton Trade and Convention Centre.
The city initially put out a call for Expressions of Interest in October 2020, with the intent of boosting hotel accommodation available by the PTCC to in turn drive more events to book the venue.
Mundi Enterprises bought the site in 2020, and intends to operate the "Trade and Convention Centre Hotel" under the Four Points by Sheraton trade name.
At Tuesday's council meeting, staff will seek approval of a development permit for the hotel. Mundi's website describes the plan as "a full service hotel [that] will feature an indoor pool, upscale in-house restaurant with a large patio, fitness facilities and complimentary parking."
“City staff have been working closely with the Mundi Hotel team to ensure this project receives the necessary approvals to proceed in the quickest time possible,” said the city’s director of development services, Blake Laven.
"The hotel’s completion and opening will generate many new opportunities for both the Penticton Trade and Convention Centre, as well as the South Okanagan Events Centre. Everyone is looking forward to this project getting underway.”
The hotel is part of the city's "North Gateway" area, which the city has identified as an area fit for overhaul. They are partway through a lengthy plan involving extensive public consultation to establish a vision for the neighbourhood.
"Given its close proximity to the PTCC and SOEC, the hotel’s high quality rooms and amenities will support economic activity and serve as a valuable addition to this area and its future development," reads a news release from the city Friday.
"It is hoped the hotel will act as a catalyst for further redevelopment in the North Gateway."