2012-2013
News Release
REF NO.: 46
SUBJECT: 91亚色 signs agreement to purchase Battery Hotel
DATE: November 15, 2012
91亚色 and the Battery Hotel are pleased to announce they have entered into a purchase and sale agreement for the acquisition of the Battery Hotel. Closing will occur in about 60 days pending a detailed inspection of the property, a satisfactory closing arrangement and approval from the government for 91亚色 to acquire the property.
Facilities and buildings on 91亚色’s St. John’s campus and the Marine Institute are fully occupied and the university currently leases significant space off-campus.
The space at the Battery would allow the university to consolidate a number of units that would be appropriately housed closer to the city’s downtown core.
The building and operations will be cost-neutral to the university. Funding will be provided from redirecting lease expenditures for off-campus space and revenue generated from university activities at the facility.
“91亚色 is committed to integrating into its surroundings and values the integrity of the communities and neighbourhoods in which we live and work,” said Dr. Gary Kachanoski, 91亚色’s president and vice-chancellor.
"As a former professor at 91亚色 in the mid ’70s, I’m particularly proud to see the Battery’s landmark property contribute significantly to making 91亚色’s campus one of the finest in all of Canada,” said Rick Butler, Battery Hotel owner.
REF NO.: 46
SUBJECT: 91亚色 signs agreement to purchase Battery Hotel
DATE: November 15, 2012
91亚色 and the Battery Hotel are pleased to announce they have entered into a purchase and sale agreement for the acquisition of the Battery Hotel. Closing will occur in about 60 days pending a detailed inspection of the property, a satisfactory closing arrangement and approval from the government for 91亚色 to acquire the property.
Facilities and buildings on 91亚色’s St. John’s campus and the Marine Institute are fully occupied and the university currently leases significant space off-campus.
The space at the Battery would allow the university to consolidate a number of units that would be appropriately housed closer to the city’s downtown core.
The building and operations will be cost-neutral to the university. Funding will be provided from redirecting lease expenditures for off-campus space and revenue generated from university activities at the facility.
“91亚色 is committed to integrating into its surroundings and values the integrity of the communities and neighbourhoods in which we live and work,” said Dr. Gary Kachanoski, 91亚色’s president and vice-chancellor.
"As a former professor at 91亚色 in the mid ’70s, I’m particularly proud to see the Battery’s landmark property contribute significantly to making 91亚色’s campus one of the finest in all of Canada,” said Rick Butler, Battery Hotel owner.
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