NANAIMO, British Columbia (March 13, 2019) – PEG Companies (“PEG”) a Utah-based commercial developer, today announced plans to begin construction on a nine-storey Courtyard by Marriott hotel.
The property, located at 100 Gordon St. across from the Vancouver Island Conference Center, will consist of 172 rooms and offer industry-leading amenities including a charming street-level cafe, large pool, luxury spa, and all-inclusive fitness center.
The $22 million project is set to start construction in April this year. Nanaimo is the second largest urban area on Vancouver Island and is positioned for growth with its easy access to Vancouver and growing tourism industry, making it a great location for a Courtyard by Marriott.
About PEG Companies:
PEG Companies was founded in 2003 and is now one of the fastest growing commercial real estate development firms in the West. PEG focuses on developing quality projects that create value and return for its investors, end users, and communities. The PEG team offers considerable experience in project design, engineering, financing, city entitlements, tax incentives, construction management, marketing and property management. PEG owns and manages over 35 hospitality assets across the US and Canada, with over 4,230 multifamily housing units, and additional office, retail, and industrial space across the Intermountain West.