Delayed Hotel Opening at Q Burke

Delayed Hotel Opening at Q Burke

EB-5 Visa, EB5 Visa, EB-5 Investment

It's been nearly two years since the ground breaking for Q Burke's new mountain-side hotel and conference center.

Resort leader Jessica Sechler hopes the hotel will become an economic driver for the region. Unfortunately, guests will have to wait even longer to experience the new facility.

"In most cases our market was day trippers. We were targeting a three, max four hour guest," said Sechler.

But that could be changing for Q Burke.

"Now we have the ability to go beyond that, and when they come, they can stay," said Sechler.

Sechler says the new mountain-side hotel is ready to go.

She believes the 114 room ski-in hotel will boost the Northeast Kingdom's economy.

"I think the hotel for the area brings an incredible opportunity for us to have a consistent ability to host triple if not quadruple that normally could come and stay here," said Sechler.

Director of the Northeast Chamber of Commerce Darcie McCann agrees.

"It puts us on a equal footing with any other ski area in the state," said said McCann. McCann says the Q Burke hotel addresses a severe lack of beds in the region.

She says visitors will be spending money in local shops and restaurants.

The hotel will offer a restaurant, pub and ski shop and tuning center.

The problem is, it's not opening anytime soon.

"I think we as Vermonters in general are reserved folks. We'd like to see it actually happen. We hold back what we think about it until we see it actually comes to fruition. I think that's the case," said McCann.

The construction company which built the hotel, Peak CM still has legal ownership over the property.

Sechler says with multiple funding sources as an EB5 project.

Peak CM is still working with the state to determine who will pay them.

Sechler says it's a tough situation, but asks people who are on the fence about the project to stick with them.

"I don't blame them for feeling like that, I can understand that. But just wait till you see it," said Sechler.

There is no official date set for the opening of the new hotel and conference center.

Q Burke has canceled and stopped taking reservations for before June 1st. That's when they hope to open to the hotel to the public.

Local 22 & Local 44 reached out to Peak CM several times this week for more details on the current payment hold-ups, no one from the company has returned our calls.


http://www.mychamplainvalley.com/news/delayed-hotel-opening-at-q-burke

Mentions

States

  • Vermont


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.