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3 | Page CHOCVB BOD Meeting May20 , 2015 <br /> <br />also contributed to strong numbers. Paolicelli volleyed to Mark Sherburne for his input on The Carolina Inn’s summer <br />business. Mr. Sherburne informed that summer months are slower, rate reduction is due to hotels vying for more <br />groups business. Sherburne also stated that hoteliers are trying to ‘hook’ UNC parents to the property for the next 4 <br />years. Sherburne continued saying that business has greatly increased over time, but it is still the academic months that <br />pull higher rates. Paolicelli commented that she has heard the same from restaurants and ancillary businesses. <br />December and January are still hard. <br />Ms. Paolicelli took this opportunity to report a budget comparison of surrounding CVB’s as follows: <br />CVB Budget Hotel Rooms Budget per room <br />Chapel <br />Hill/Orange <br />County <br />$1.4 <br />million <br />1,625 $862.00 per <br />room <br />Johnston <br />County <br />$1 million 3,400 $294.00 per <br />room <br />Cabarrus <br />County <br />$4.2 <br />million <br />2,791 <br /> <br />$1505.00 per <br />room <br />Durham $3.5 <br />million <br />8,290 $422.20 per <br />room <br />Raleigh $6.4 <br />million <br />15,560 $411 per room <br /> <br />Rosemary Waldorf inquired about the increase of rooms with the Hamptons opening. Barbara Leedy replied 142 rooms. <br />Ms. Waldorf commented that the aforementioned 17% plus increase as not being replicable may not be as bleak as we <br />think - maybe part was due to growth. <br /> <br />Concluding new business, Lee Storrow inquired if the 2015-16 budget would be presented at the next meeting for <br />approval. Paolicelli replied yes. <br />New Business/Roundtable <br />Meg McGurk gave an update on Carolina Square, saying the official ground breaking is slated for October and Granville <br />Towers is open. <br />Libbie Hough reported that the Town of Hillsborough is moving forward to staffing the TDA at a Town level and some <br />activities have been placed on hold due to that. Ms. Hough commented that the Orange County Public Library could be <br />part of a destination. <br />Mark Sherburne announced the renovations for Carolina Crossroads will begin June 1; the dining and bar area will be flip <br />flopped for a more open space concept. The outside area will also undergo updates. The $2.5 million renovation should