Pasatiempo Feasibility Study
A Feasibility Study was prepared for the Inn at Pasatiempo located in the City of Santa Cruz. The 8.88 acre property consists of a 54-unit hotel, Peachwood's Grill & Bar and the Gate House French country home. The study included a review of opportunities and constraints, an overview of potential technical issue areas, a description of the permitting process, and three potential development scenarios which included hotel expansion, timeshare program, and recreational rental housing resort.
The study showed that given the physical location of the property, the property would be well suited for visitor accommodations in one or more forms and the property contains enough land that visitor serving use could be expanded to increase long-term revenue and property value.