21°c N/A
Winnipeg Free Press - ONLINE EDITION
CentreVenture buys St. Regis Hotel, plans to close beverage and VLT lounge
A downtown development agency has purchased the St. Regis Hotel in an effort to reduce excesssive alcohol consumption in the downtown.
This afternoon, CentreVenture announced it has finialized a deal to buy St. Regis Hotel and the adjacent surface parking lots in the 200 block of Smith Street. The agency plans to close the hotel's beverage and VLT lounge when it takes possession of the property in January.
The hotel purchase is part of CentreVenture's broader plan to redevelop Portage Avenue and the Sports Hospitality and Entertainment District (SHED).
CentreVenture CEO Ross McGowan said the SHED district and Portage Avenue is still often associated with panhandling and aggressive behaviour due to excessive alcohol consumption. He said CentreVenture plans to lease the St. Regis Hotel back to the current operators as a dry facility.
"We don't want any alcohol in there," McGowan said this afternoon. "We want the difficulties that go on outside of that place to be removed."
He said the hotel will continue to operate otherwise, and typically houses visitors to Winnipeg for long-term medical stays. CentureVenture may issue a request for proposals on the surface parking lots sometime in the next year.
More Business
- Back to Top
- Return to Business
More Business
(1 of 50 articles for this week)
Asian stocks markets slide as survey shows worse-than-expected slip in China's manufacturing
12:00 AM 0
Poll
Most Popular Business
- New owner for lumber stores
- New downtown tower could be 42 storeys tall: developers
- Housing slowdown to worsen, cost 150,000 jobs, says mortgage group
- Creative industries can fuel a city's economic engine
- Pollard Banknote signs ticket deal with Western Canada Lottery Corp.
- Emerging economies seen as key
- Temple Hotels buys hotel in Sherwood Park, Alta., for $15.15 million
- Developers to unveil plans for bold downtown tower
- Paying bills and consumer consumption hurting Canadians' ability to save: study
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- New owner for lumber stores
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- New downtown tower could be 42 storeys tall: developers
- Creative industries can fuel a city's economic engine
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Bridging the gap
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Housing slowdown to worsen, cost 150,000 jobs, says mortgage group
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- New owner for lumber stores
- Border-fee idea doesn't fly
- New owner for lumber stores
- Developers to unveil plans for bold downtown tower
- New downtown tower could be 42 storeys tall: developers
- There are lots of I's in 'team'
- Canadian telecom company Telus signs deal to buy Mobilicity for $373 million
- Bridging the gap
- Manitoba Movers
- Creative industries can fuel a city's economic engine
- Arizona restaurant becomes poster child for dark side of online customer reviews
- Housing slowdown to worsen, cost 150,000 jobs, says mortgage group
- New owner for lumber stores
- Ex-'Pegger seeks to grow local businesses
- Developers to unveil plans for bold downtown tower
- Bridging the gap
- Late deal in workplace sex-harassment case
- There are lots of I's in 'team'
- More than a new boss
- New downtown tower could be 42 storeys tall: developers
- Diversification spurs Exchange Income's growth
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Transcona transformation
- New owner for lumber stores
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.