Gaylord Entertainment Co. said it will no longer develop a resort a convention hotel in Chula Vista, Calif.
The firm announced that an extended planning and approval processes, a complicated regulatory and legal structure and exorbitant off-site infrastructure costs led to the decision.
“We are very disappointed to have made this decision since the greater San Diego region is such an important convention market,” said Colin V. Reed, CEO of Gaylord Entertainment.
The decision to abandon the Chula Vista project does not affect the firm’s other announced development initiatives, the company said.
