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SOBE 18 PB Presentation Final 5.11.2021Palomar Suites 1790 Alton Road PB21-0428 April 27, 2021 1790 Alton Road Chronology for Hotel - Zoning Reliance November 19, 2020 Entered into contract to purchase property December 4, 2020 Meeting with Tom Mooney regarding hotel use on property; confirmed hotel use and entitlements Dec 2020 – Jan 2021 Negotiation of agreement with Kimpton Hotels December 14, 2020 Land acquisition loan approved February 1, 2021 Contract for purchase of property goes hard; deposits are now non-refundable February 10, 2021 Commission discussed and refers hotel prohibition in Sunset Harbour