B.C.’s Top 5 Hotel Deals in Q2

B.C. is the second-most active hotel investment market in Canada, accounting for 33% of all deals nationwide in Q2—11 transactions worth $305M, according to new figures from Colliers. Here are the five biggest buys.

1. Comfort Inn & Suites Salmon Arm

Location: Salmon Arm

Rooms: 114

Deal date: June

Purchase price: $10M (price per room: $87,700)

Notes: Located halfway between Vancouver and Calgary, and at the top of a hill overlooking Shuswap Lake. Hotel has a heated pool with waterslide, too.

2. Ramada Victoria Hotel

Location: Victoria

Rooms: 92

Deal date: May

Purchase price: $8.84M (per room: $96,100)

Notes: Two on-site dining options: Heckler’s Sports Bar and Grill and Cecelia Creek Breakfast. There's also a 3,200 SF conference centre.

3. The Steveston Hotel

Location: Richmond

Rooms: 24

Deal date: April

Purchase price: $6.7M (per room: $279k)

Notes: The hotel and its adjacent pub, The Buck and Ear, date back to 1885, and endure as popular village gathering spots.

4. Abigail’s Hotel

Location: Victoria

Rooms: 23

Deal date: June

Purchase price: $5.07M (per room: $220.6k)

Notes: Boutique hotel housed in a 1930s Tudor mansion “blurs the lines" between small luxury hotel and heritage bed and breakfast inn, its website says.

5. Canadas Best Value Inn Langley

Location: Langley

Rooms: 46

Deal date: May

Purchase price: $2,850,000 (per room: $62k)

Notes: Of particular value for enthusiasts of horses and airplanes, with Milner Downs Equestrian Center and the Canadian Museum of Flight just minutes away.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Vancouver Newsletters
Related Stories

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Daniel Negari Buys Downtown LA Hotel For $34M

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas

Union Contracts Expire At 46 Chicago Hotels, With Potential Strike Looming

Owners Test Investor Appetite For Dublin 5-Star Hotel Market

Sixty Beverly Hills Hotel Heads Back To Special Servicing

Controversial $18M Charlotte-Area Hotel Project Gets Rezoning Approval

CGI Merchant Had A-Rod's Backing And A $650M Fund. Then It Bought Trump's D.C. Hotel And It All Fell Apart

Oceanwide Buyers Want Tax Incentives For 184-Room Hotel

Maturing Debt Triggers Wave Of Distressed Hotel Sales Across California

KHP Sells West Hollywood Kimpton To Japanese Hotel Company For $63M