Metro Vancouver Hotel & Short Term Rental Market Discussion

[GenWhy?]

"There will now be 279 hotel rooms under the upscale Hilton Curio brand — including 56 long-term suites and 223 short-term suites — and 105 secured purpose-built rental homes, with 89 market rental units and 21 below-market rental units."

Seems reasonable. Are they likely 2-3 years out from Occupancy?

[Changing City]

Originally Posted by GenWhy?

"There will now be 279 hotel rooms under the upscale Hilton Curio brand — including 56 long-term suites and 223 short-term suites — and 105 secured purpose-built rental homes, with 89 market rental units and 21 below-market rental units."

Seems reasonable. Are they likely 2-3 years out from Occupancy?

The revised rezoning has to go to Council, then the DP, and there's no demolition yet, so you would think at least three, unless pre-cast panels speed construction up. I'm not sure if they are still proposing that, but I think an earlier version was.

[madog222]

Probably at least nine months out from demo.

[logan5]

Hotel prices in Vancouver are sky high, yet developers would still rather build residential instead of hotel? Obviously there needs to be more incentive, like a bonus density for building hotel. Something in the order of a 50% bonus density for a hotel/residential development (equal floor space), and 100% bonus for 100% hotel.

Obviously that would mean building heights would have to be drastically increased over the current maximums, but there are plenty of areas along Broadway where there are no view cones.

The tourism industry is taking a huge hit because a lot of people are simply priced out of Vancouver, so something meaningful has to be done immediately. Vancouver needs to be open for business and industry, not tied up in regulations that stifle the City.

[C3YVR]

Marriott just recently purchased citizenM hotels and both companies seem very interested in Vancouver. Because citizenM rooms are very small and often prefabricated it seems like a good choice for the Vancouver market. I could see Marriott interested in another dual branded property and this being an ideal candidate for one of the brands.

[hollywoodnorth]

Originally Posted by C3YVR

Marriott just recently purchased citizenM hotels and both companies seem very interested in Vancouver. Because citizenM rooms are very small and often prefabricated it seems like a good choice for the Vancouver market. I could see Marriott interested in another dual branded property and this being an ideal candidate for one of the brands.

that new Pender/Richards Street hotel screams Springhill/Fairfield combo to me. If you know you know.

with all these new Hotel projects across the Metro I will work on a list soon to keep them all together.

[jollyburger]

Originally Posted by logan5

Hotel prices in Vancouver are sky high, yet developers would still rather build residential instead of hotel? Obviously there needs to be more incentive, like a bonus density for building hotel. Something in the order of a 50% bonus density for a hotel/residential development (equal floor space), and 100% bonus for 100% hotel.

Obviously that would mean building heights would have to be drastically increased over the current maximums, but there are plenty of areas along Broadway where there are no view cones.

The tourism industry is taking a huge hit because a lot of people are simply priced out of Vancouver, so something meaningful has to be done immediately. Vancouver needs to be open for business and industry, not tied up in regulations that stifle the City.

Bonus densities don't mean anything if you can't get financing. From the DH article:

According to the project team, this revision of incorporating rental housing is “required to obtain the necessary financing and to ensure the viability of the project.”

The new application notes that with the inclusion of such rental housing uses, the developer hopes to seek low-cost loans from the federal and provincial governments to help cover the project’s construction costs.

[jollyburger]

Originally Posted by hollywoodnorth

that new Pender/Richards Street hotel screams Springhill/Fairfield combo to me. If you know you know.

with all these new Hotel projects across the Metro I will work on a list soon to keep them all together.

There's a Radisson/Cambria coming soon as well from recent councillor meetings.

[jollyburger]

The major renovation of the former medical office building — across Burrard Street from the current location of the hospital — involves gutting ceilings, installing modern heating, ventilation and air conditioning systems, and re-doing the plumbing.

“When we look at conversion projects, we need to see if the actual envelope of the project and the ceiling heights can easily adapt to accommodate all the rooms,” said Stephanie Babineau, vice-president of marketing for Wentworth Hospitality Group, which is planning to open the 62-room Arden Hotel early next year. It will include a ground-floor restaurant.

https://vancouversun.com/news/former-medical-office-st-pauls-boutique-hotel

[officedweller]

Originally Posted by jollyburger

https://vancouversun.com/news/former-medical-office-st-pauls-boutique-hotel

Reminds me of the hack job they did when they renovated the Eatons box.


https://vancouversun.com/news/former-medical-office-st-pauls-boutique-hotel

[jollyburger]

Deecorp aims to move the needle on Vancouver’s hotel shortage

The project that has progressed the furthest is 1167-1193 Granville St., also known as 717 Davie St., where Deecorp has proposed a 33-storey mixed-use hotel. Asked why the project has not progressed since the rezoning application was submitted in 2023, Dee said that he has been waiting for the residents of The Luugat supportive housing building across the street (the former Howard Johnson Hotel), to be relocated.

The second site is 717 West Pender St. and 455 Granville St., at the northwest corner of the Granville-West Pender intersection. Currently occupied by a low-rise commercial building home to Rexall, Dee said early concept plans envision a hotel tower with a similar scale to the Granville-Davie proposal but mixed with some residential. Deecorp is currently figuring out the right balance.

The final site is 348-380 West 8th Avenue, occupied by two older commercial buildings that are home to, among others, Deecorp’s offices. The corner site is located half a block north from the intersection of Yukon Street and West Broadway and Deecorp has submitted a rezoning letter of enquiry with a proposal for a 33-storey hotel that Dee envisions for long-term stay – a popular choice for hotels in close proximity to Vancouver General Hospital.

The latter two projects are still in the early stages, so Deecorp has yet to start looking for an operator, but discussions with a potential operator for the Granville-Davie hotel are progressing well. Dee said the operator will be announced following rezoning approval.

Marriott is not in the cards, however, as Dee believes Marriott is already well-served in Vancouver. He expects it will be more of a lifestyle brand.

“We think Vancouver, in general, is under-represented with lifestyle hotels,” he explained. “We think Granville-Davie, which is going to be the centre of our entertainment world, should be a little edgy in terms of design and lifestyle rather than something boring and dull.”

An exciting brand choice is aligned with Dee’s plans for the hotels to be long-term holds.

https://www.biv.com/biv-rss-newsletter/d...le-on-vancouvers-hotel-shortage-11455018

[whatnext]

I wonder what the Granville & Davie lifestyle is…maybe Motel 6?

[Changing City]

Sonder hotels closed down, reportedly with 15 minutes notice to guests! Apparently Marriott pulled the plug on their partnership, and Sonder immediately closed down. I think they had two Vancouver properties? The podium of the Sunset, above the Denman mall, and one near English Bay.

[C3YVR]

Yes two hotels in Vancouver.
That is crazy as I just got off the plane from Paris today after spending almost three weeks at Sonder hotels on the French Riviera. I stayed at hotels in Cannes and Nice (checking-out last Friday) and both hotels were excellent.
Sad to see this happen.

[Capitol Hill]

What is a lifestyle hotel? I want a hotel with a comfy bed, clean, and good water pressure in the shower.

I guess I want a pragmatic lifestyle hotel.

[GenWhy?]

Originally Posted by whatnext

I wonder what the Granville & Davie lifestyle is…maybe Motel 6?

I'm sure Dee would love to build a high-end building with a gym, pool, hot tub, spa, and a swank rooftop bar with another pool.

Just surprised he mentioned his second Granville project. He's been working on that one for almost 10 years.

[GenWhy?]

Originally Posted by Changing City

Sonder hotels closed down, reportedly with 15 minutes notice to guests! Apparently Marriott pulled the plug on their partnership, and Sonder immediately closed down. I think they had two Vancouver properties? The podium of the Sunset, above the Denman mall, and one near English Bay.

Oh no way! Dang that sucks. When I have people visit they Used the Denman Sonders "hotel". Great rooms, the ones I was in.

[GenWhy?]

Originally Posted by C3YVR

Yes two hotels in Vancouver.
That is crazy as I just got off the plane from Paris today after spending almost three weeks at Sonder hotels on the French Riviera. I stayed at hotels in Cannes and Nice (checking-out last Friday) and both hotels were excellent.
Sad to see this happen.

To be fair the Davie one is definitely going ahead now

[whatnext]

Originally Posted by GenWhy?

I'm sure Dee would love to build a high-end building with a gym, pool, hot tub, spa, and a swank rooftop bar with another pool.

Just surprised he mentioned his second Granville project. He's been working on that one for almost 10 years.

He must be buds with Joo Kim Tiah.

But seriously a hotel at Granville and Davie is almost bad for tourism. I'd be embarrassed for the city if I know anyone staying in that location.

[GenWhy?]

Originally Posted by whatnext

He must be buds with Joo Kim Tiah.

But seriously a hotel at Granville and Davie is almost bad for tourism. I'd be embarrassed for the city if I know anyone staying in that location.

The I would recommend help getting the West-of-Denman hotel approved by Council. Local opposition is quite loud