Ron Mundi is betting big on downtown Prince George, B.C., investing millions in a pair of hotels — one new, one refurbished — just a few blocks apart in the city's downtown core.
While Mundi said he thinks Prince George is a "great community," his decision is based on numbers rather than feelings. He says industry reports indicate the city needs many more places for overnight visitors to stay.
"Occupancy is really growing," he said. "Over the last few years we see a growing economy, so that's where our attention is."
Mundi isn't alone. Within a few months, another high-profile hotel will open in the downtown core, while two more are being built along highways leading in to the city.
All are hoping to tap into the city's growing conference sector.
Courtesy of CBC - Full article link: http://www.cbc.ca/news/canada/british-columbia/prince-george-hotels-1.4582915