Wit Ventures: Developers Putting $4 Million into Old Drawbridge Inn.

Wednesday, 13 September 2017

Developers Putting $4 Million into Old Drawbridge Inn.

From Cathy Dobson, The Sarnia Journal.

Two Oakville developers are investing $4 million to gut the former Drawbridge Inn and open a four-star boutique hotel on Christina Street.

One of the principals, Gord Laschinger, was involved in a defunct deal to redevelop downtown’s Bayside Centre last year. He is no longer involved in the mall but said he is only months away from opening the new hotel venture with business partner Malvinder Singh.

The 54-year-old building requires a complete overhaul because it was somewhat neglected over the past decade and regularly ran at only 20 to 25% occupancy, Laschinger said.

“Half the population has fond memories of The Drawbridge when it was a very good hotel, but the other half may not. It had gone downhill in the last 10 years,” he said.

Link to the rest here.

Thank you for reading.

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Shirley D. Neal

Shirley has over 30 years of experience in such diverse businesses as financial planning, manufacturing, and supply. Her education includes a B.A., B.ED., M.ED., C.F.P., N.L.P. and the home inspector’s course as well as having her AZ license for five years. Her family home has given her and her husband the opportunity to do extensive renovation and repairs thereby increasing the value about $100,000 in ten years. She has been able to see firsthand how much a sensible and cost efficient renovations can add to the value of a home. Shirley has chosen joint ventures because she thinks that her experiences an help others achieve their goals and maximize the profits for both parties. In 1979, Shirley became involved in a small group of women who started a metal manufacturing company making small deep drawn metal parts for the automobile companies in Windsor. They took the company from start up to over $400,000 in sales in five years. That was a lot of parts since the parts sold for only five cents per each. In 1985 they sold the company to one of their customers. Whether it was selling mutual funds, teaching foster parents how to recruit foster parents, or working for Tony Robbins, Shirley has put more than 100 percent into every endeavour she was involved in.