Metro Vancouver Hotel & Short Term Rental Market Discussion

[jollyburger]

Sounds like 852-872 Seymour is coming back as a hotel. Arno Matis still involved.

[kikin]

Originally Posted by jollyburger

Sounds like 852-872 Seymour is coming back as a hotel. Arno Matis still involved.

That area is getting pretty nice with the other architecturally beautiful hotel project under construction right next to that, will be a big improvement over that graffiti covered dilapidated building that has been there beside the parking lot for years.

Too bad the Staples on the corner closed down as that was a very convenient service centre for packages and business in a great location, something good should take advantage of that location too.

[jollyburger]

Nicola Wealth's Mount Pleasant hotel is in partnership with Lotus Capital

https://howardchai.substack.com/p/vancouver-real-estate-rundown-december-8-2025

[jollyburger]

Pender & Granville is the Rexall

350-388 West 8th/Yukon.

Vancouver-based Deecorp poised to meet strong hotel room demand

Dee said the proposed project at Granville and Penderis at one of the busiest intersections in that part of downtown.

“It also happens to be exactly where the CanadaLine, the most important transit line coming through Vancouver, exits at the terminus. You get out of the CanadaLine and one of the exits is right in front of the building,” he said.

“So it’s very transit-friendly, right in the heart of transit. It’s also very close to the cruise ship terminals, the convention centres, Gastown— all that. It’s at the confluence of all these high-energy things, and at the end of Pacific Centre Mall. From all the hoteliers we spoke to, it’s kind of the 10-out-of-10 hotel location in the city.”

This project would be just over 400 rooms.

“Actually, with that one we’re considering putting a very large residential component, and that’s yet to be determined. We just submitted the application (recently).”

Dee said the 8th and Yukon project is a block from the next most important intersection outside of downtown, Broadway and Cambie. It’s also a block from the SkyTrain station.

“What’s also really good here is the slope from Broadway down to the water. There’s a gentle slope, amazing views, and no tall buildings in front of us, one or two six- or seven-storey buildings,” he said, adding this project would probably have more rooms than the other two.

“But we’re earlier in planning. We see demand for space, meeting space, convention space. We’re not competing with the convention centre, but right now all the good meeting space is downtown. There’s nothing else in Vancouver. There’s a Holiday Inn three or four blocks up, built about 60 years ago, with a couple of tiny rooms. No meaningful meeting space.

https://retail-insider.com/retail-inside...poised-to-meet-strong-hotel-room-demand/

They have some temporary use permits in the West Pender building until 2027.

[GenWhy?]

Let's get the Davie one built first, Stanley.

[jollyburger]

They've been sitting on the land for 25 years I don't think they are in any rush.

From November (Deecorp)

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.

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

[GenWhy?]

Originally Posted by jollyburger

They've been sitting on the land for 25 years I don't think they are in any rush.

From November (Deecorp)



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

They're not in a rush, but the Davie site is the furthest along and 1st in line to be developed.

[kikin]

with FIFA coming up I wonder how we are going to accommodate all the visitors? will they relax and short term rental rules?

I was talking to someone in the interior and they said they were expecting to be full up with visitors that will commute 3 hours to Vancouver for the games, which surprised me

[Changing City]

Originally Posted by GenWhy?

They're not in a rush, but the Davie site is the furthest along and 1st in line to be developed.

Didn't DeeCorp have an approval for a residential development on the same site years ago, that they never actually moved to build? Is there some change to the business that makes the hotel more likely to proceed? (Like a partner for the project, for example).

[GenWhy?]

Originally Posted by Changing City

Didn't DeeCorp have an approval for a residential development on the same site years ago, that they never actually moved to build? Is there some change to the business that makes the hotel more likely to proceed? (Like a partner for the project, for example).

My understanding was that the tower setbacks from across the lane didn't work? That and I'd imagine the old rules didn't allow residential, they applied for a hotel due to the interim rezoning rules here

[hollywoodnorth]

Originally Posted by jollyburger

Nicola Wealth's Mount Pleasant hotel is in partnership with Lotus Capital

https://howardchai.substack.com/p/vancouver-real-estate-rundown-december-8-2025

pic from >>
https://www.shapeyourcity.ca/75-e-8-ave


wow this is gonna be great for this area!

[jollyburger]

Originally Posted by GenWhy?

My understanding was that the tower setbacks from across the lane didn't work? That and I'd imagine the old rules didn't allow residential, they applied for a hotel due to the interim rezoning rules here

It was 7 storeys?



https://www.urbanyvr.com/new-rental-apartments-davie-granville-vancouver/

The hotel proposal is 71 feet from the building behind it.

[GenWhy?]

Oh nevermind of was thinking of the residential tower option after the 7-storey

[whatnext]

Originally Posted by GenWhy?

They're not in a rush, but the Davie site is the furthest along and 1st in line to be developed.

"Furthest along" being a relative term?

[GenWhy?]

Originally Posted by whatnext

"Furthest along" being a relative term?

Yes, it was referred to Public Hearing for rezoning earlier this month.

[Changing City]

Has there been any progress on site for Peterson's Cambie & W 43rd hotel / residential tower? They looked to be clearing the site last year, and have a Building Permit (which suggests they were ready to actually start construction), but I haven't seen any news of the project getting going.

[whatnext]

Originally Posted by Changing City

Didn't DeeCorp have an approval for a residential development on the same site years ago, that they never actually moved to build? Is there some change to the business that makes the hotel more likely to proceed? (Like a partner for the project, for example).

Given that BC first bid for FIFA in 2018 it's a shame that DeeCorp hadn't more foresight then and started construction on that proposal.

[Changing City]

Originally Posted by whatnext

Given that BC first bid for FIFA in 2018 it's a shame that DeeCorp hadn't more foresight then and started construction on that proposal.

It's unfortunate that we don't have more hotel rooms, but the World Cup is an irrelevence for a potential investment of several hundred million. DeeCorp's previous scheme was residential, not hotel, so it wouldn't have made any difference. If the World Cup was really significant for the timing of investment decisions, Listel & Bosa would presumably have waited to demolish their Robson property.

[kikin]

Originally Posted by Changing City

It's unfortunate that we don't have more hotel rooms, but the World Cup is an irrelevence for a potential investment of several hundred million. DeeCorp's previous scheme was residential, not hotel, so it wouldn't have made any difference. If the World Cup was really significant for the timing of investment decisions, Listel & Bosa would presumably have waited to demolish their Robson property.

I'm thinking hotels are even better for a neighborhood as people are here to be out and about enjoying things and spending money. Downtown benefits from both of course, but it seems every project for residential gets hampered by "social housing" requirements so recently I am thinking the more hotels and the less residential the better for a neighborhood I live in or frequent.

[Changing City]

Originally Posted by kikin

I'm thinking hotels are even better for a neighborhood as people are here to be out and about enjoying things and spending money. Downtown benefits from both of course, but it seems every project for residential gets hampered by "social housing" requirements so recently I am thinking the more hotels and the less residential the better for a neighborhood I live in or frequent.

There are no requirements for social housing in most residential developments in the Downtown. The only exceptions are where a developer proposes to redevelop existing social housing, and in the Downtown-Eastside/Oppenheimer District (DEOD). There are only 2 blocks of East Hastings in the Downtown that are covered; most of the DEOD is to the east of Main Street.

Some developers voluntarily offer to build social housing as part of their project, to count towards the calculated CAC (based on a proportion of the additional land value that a site accrues as a result of a rezoning above the base zoning in the Downtown and West End Plans). It's often more cost effective for them than providing a cash payment, or some other public benefit like childcare, and it's a way of having the lower value lower floors of a building occupied. That's the basis of the podium of Landmark on Robson and Mirabel on Davie as non-market rental housing (both now owned by the City of Vancouver).