Presented by: Proposed Sports and Event Complex in Coeur d ...
Presented by: Proposed Sports and Event Complex in Coeur d ...
Presented by: Proposed Sports and Event Complex in Coeur d ...
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Inn offer 123 rooms each. It should be noted that the table does not <strong>in</strong>clude various bed <strong>and</strong><br />
breakfast facilities or hotel properties offer<strong>in</strong>g fewer than 50 rooms. If these properties are<br />
<strong>in</strong>cluded, the total hotel <strong>in</strong>ventory <strong>in</strong> the <strong>Coeur</strong> d’Alene market <strong>in</strong>creases to approximately 1,755<br />
total available rooms with<strong>in</strong> the market.<br />
It will be important that affordable room rates are offered to attract various youth <strong>and</strong> amateur<br />
sports tournaments, as families travel<strong>in</strong>g with youth sports participants often seek to reduce<br />
travel costs <strong>by</strong> patroniz<strong>in</strong>g lower cost hotel properties. Therefore, the ability to secure<br />
moderately priced hotel rooms may make the <strong>Coeur</strong> d’Alene market a more attractive site for<br />
certa<strong>in</strong> sports tournament events.<br />
Exist<strong>in</strong>g <strong>Event</strong> Facilities<br />
In evaluat<strong>in</strong>g the potential market for a new event facility <strong>in</strong> <strong>Coeur</strong> d’Alene, it is important to<br />
ga<strong>in</strong> an underst<strong>and</strong><strong>in</strong>g of the exist<strong>in</strong>g event market. An analysis of exist<strong>in</strong>g event facilities <strong>in</strong> the<br />
<strong>Coeur</strong> d’Alene <strong>and</strong> Spokane markets was conducted to underst<strong>and</strong> the types of sports,<br />
enterta<strong>in</strong>ment <strong>and</strong> assembly events currently be<strong>in</strong>g accommodated <strong>by</strong> the venues with<strong>in</strong> these<br />
markets, <strong>and</strong> to identify potential needs that are not be<strong>in</strong>g met <strong>by</strong> these exist<strong>in</strong>g facilities. The<br />
follow<strong>in</strong>g is an overview of the primary public assembly facilities <strong>in</strong> the <strong>Coeur</strong> d’Alene <strong>and</strong><br />
Spokane markets.<br />
<strong>Coeur</strong> d’Alene Resort <strong>and</strong> Conference Center<br />
The <strong>Coeur</strong> d’Alene Resort <strong>and</strong> Conference Center<br />
offers approximately 24,000 square feet of total<br />
sellable exhibition, meet<strong>in</strong>g <strong>and</strong> ballroom space.<br />
The upscale nature of the Resort’s event space,<br />
along with its location on the shore of Lake <strong>Coeur</strong><br />
d’Alene, make it an attractive dest<strong>in</strong>ation for<br />
corporate meet<strong>in</strong>gs, banquets, small to mid-sized conferences <strong>and</strong> other such events. However,<br />
the facility is not capable of host<strong>in</strong>g athletic competitions, concerts <strong>and</strong> other tour<strong>in</strong>g spectator<br />
acts. Further, the facility does not offer the large event spaces associated with major convention<br />
centers. The follow<strong>in</strong>g table summarizes the sizes of the meet<strong>in</strong>g <strong>and</strong> convention spaces offered<br />
<strong>by</strong> the Resort.<br />
Feasibility Analysis of a New <strong>Sports</strong> <strong>and</strong> <strong>Event</strong> <strong>Complex</strong> <strong>in</strong> <strong>Coeur</strong> d’Alene<br />
Local Market Conditions Analysis<br />
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