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Study would look at County’s vacation rentals and possibility for branded hotels

Prince Edward County’s Community and Economic Development Commission recommended Wednesday that a contract for consulting be awarded to study current short-term accommodations and the possibility of branded hotels in the County.

The commission issued a request for proposals in January that noted growing tourism in the County has resulted in a struggle to accommodate the influx of visitors at campgrounds, trailer parks, cottage resorts, bed and breakfasts, vacation rentals, inns and motels.

Council, in its Corporate Strategic Plan, notes investment and development in visitor accommodations could help slow the current rate of vacation rental conversion and investor speculation in single family dwellings as income properties. It also hopes development would bring more full-time equivalent employment.

“The goal of the study is to determine how many short-term accommodations are currently available in the County, current and future trends in visitation and advise the CEDC on needs and potential opportunities in that sector,” said Todd Davis, Community Development Co-ordinator, in a report to the commission.

Goals are to verify assumptions about current occupancy concerns; identify if there’s a need to identify potential sites and further, review a list of properties currently controlled by the municipality that would be appropriate for nationally branded development.

It is recommended CBRE Limited, of Toronto, receive the contract to collect data about the industry, identify needs, potential opportunities to expand the accommodation industry in the County and advise staff and potential investors on the area, size and scope for development. Its bid was $15,280.

CBRE Hotels, in its response to the RFP, stated is advisory services focus exclusively on the hospitality and tourism industry in Canada with a primary emphasis on the accommodation sector. Its clients include all major hotel brands as well as primary companies and individuals active within the hotel investment and lending community.

While CBRE’s base price was significantly below those by urbanMetrics and MDB Insight, the total price with five options were just about $1,000 apart in the $30,000 range. Options, that may or may not be contracted, include stakeholder consultation, wider region analysis, site and facility criteria, an accommodation database and site selection review.


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