CIBT Education Group has acquired Viva Suites hotel at 1311 Howe St and unveiled plans to reconfigure the building. CIBT—which purchased the property via a partnership involving its subsidiary Global Education City Holdings—will convert the fully operational hotel into apartments (renovating suites floor by floor) and a long-stay hotel catering to tech sector workers and an ever-growing population of international students, a group that's currently underserved by viable housing options. The revamped Viva building will have up to 230 beds, and a fitness centre, library and TV lounge. Total investment, including purchase price and renovation costs, will be $37M.
Hotel Conversion Targets Tech Workers and Students
Continue reading this story with a free account
Log in or register
Related Topics:
CIBT Education Group
, Conversion
, Global Education City Holdings
, Howe Street
, International students
, Tech industry
, Viva Suites
)
)
)
)
)
)
)
)
)
)
)
)