Conference Centre News – Real Estate Channel
This article appears on the RealEstateChannel.com
New Kimberley Conference Centre Buoys Owners’
Mountain Spirit Resort Condo Investments
(KIMBERLEY, BRITISH
COLUMBIA) — The recent ground-breaking ceremony for the new $6-million
Conference Centre and Paralympic Training Centre being built here at Kimberley
Alpine Resort is proof that thorough market research is critical prior to
investing in resort properties.
At least that’s how owners at Mountain
Spirit Resort and Spa, a resort development located next to the Conference
Centre site, are feeling right now. Now that the Conference Centre officially
opened Oct. 30, Mountain Spirit condo owners are optimistic that the influx of
sports and corporate travel to the Conference Centre will increase the
popularity of the resort’s optional rental pool.
Mountain Spirit <http://www.realestatechannel.com/news-assets/Mountain-Spirit.jpg>
“The owners who participate in the rental pool are very excited about the
progress being made on the centre,” said Allyson Blake, Mountain Spirit’s
director of real estate marketing. “They did their research before deciding to
buy in a four-season destination that had plans for a centre of this
caliber.”
The year-round, $6-million dollar facility is designed with
both disabled and able-bodied athletes in mind. It will include meeting rooms,
an audio-visual department and a conference space to hold 500
people.
Funding for the centre is coming from the City of Kimberley,
federal and provincial infrastructure grants, a $300,000 grant from the Columbia
Basin Trust and $150,000 from the Southern Interior Development Trust. The
center is being built by New Dawn Developments (same builders of Mountain Spirit
Resort and Spa) and is expected to be completed by October 2010.
The
conference and training center is expected to become a key economic driver for
Kimberley. Leisure travelers and tourists have long contributed to the local
economy, but business travelers have not. Conference delegates often fill hotel
rooms during the shoulder season and mid-week travel when leisure travel is
traditionally low. Conferences are also booked in advance, providing a secure
source of income regardless of economic fluctuations.
Research compiled
by Vann Struth Consulting for the City of Kimberly pegs the daily spending of
conference delegates at approximately $125 per day on top of the accommodation
costs. The same research expects the conference center to boost spending in
Kimberley by more than $5 million per year – more than double the current
level.
“The development of the Paralympic Training and Conference Centre
opens up new options to increase our shoulder season business by targeting a
growing meetings market that that would not otherwise be attracted to
Kimberley,” said Cathy Robinson, operations manager for Bellstar Hotels and
Resorts , the rental manager for Mountain Spirit Resort & Spa. “The
combination of Mountain Spirit’s ski-in, ski-out location, along with the
upcoming 6,000 square foot spa and slope-side restaurant – all right across the
street from the new centre – should ensure we are a top choice for conference
delegates.”
Mountain Spirit Resort and Spa features a true ski-in,
ski-out location in the serene Purcell Mountains at the base of Kimberley Alpine
Resort. In addition to the planned spa, the resort features fine dining,
year-round outdoor heated pool and hot tub and fully furnished suites.
Membership in the exclusive Resort to Resort vacation exchange program is
included with every purchase.
Activity is ramping up at Kimberley Alpine
Resort in preparation for another outstanding ski season. Last season KAR
received the Visitor’s Choice Award being voted the Overall Favorite Resort in
the Pacific North West from onthesnow.com and the 2009 Best of Business Award
for Ski Area in the East Kootenay Region. The mountain is set to open on
December 19 with a preview weekend set for December 12.
Special prices
are available on selected suites until December 19, according to the developer’s
representative. For example, one studio, two 1-bedroom and eight 2-bedroom
suites are included in this offering with pre-season savings of up to $94,000
for whole ownership and up to $16,000 on quarter ownership purchases. Until Dec.
19, 1-bedroom suites start at $398,900, 2-bedroom units at $458,900 and quarter
ownerships on a 1-bedroom suite go for $98,900.
“These incentives are a
great opportunity for those who know what a fantastic ski destination Kimberley
is,” Blake says. “With our ski-in, ski-out location, ski season is our peak
sales season. But if buyers wait until the lifts start up, they’ll be too late
for these special prices.”
