The president of D P Murphy Incorporated still plans to rebuild the Stanhope Beach Resort on P.E.I.'s North Shore, but not this year.

The historic hotel burned down in April of last year. Danny Murphy had said he planned to rebuild in 2014, but he told CBC News Monday he has a couple of hotel projects in the Maritimes that need immediate attention this year.

"We just have had some other hotel projects come to us that we want to complete in 2014, and the Stanhope Beach Resort, it can wait until 2015,

"What we want to do is build a new resort out there. We just have to have all the pieces in place and all the players in place to make sure we go forward with a project that's viable and works into the future."

The Stanhope Beach Resort had 85 rooms and a 200 seat conference centre. It was the Island's oldest hotel, first opening in 1855.