Quote:
Originally Posted by whatnext
The most troubling thins is we could lose the hotel rooms altogether. On top of the Empire Landmark, Inn at False Creek, Coast Denman etc., only replaced by a smaller number of much higher end properties. Every level government talks a good game about tourism, but if we keep losing rooms it will wither.
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We don't know what Cadillac are planning here yet. A different hotel operator seems as likely as any other scenario until we hear definitive plans. (Leftcoaster?)
It's not like we've seen only closures, and no openings. We've seen two big Marriott hotels in Parq recently, Hotel Blu opened four years ago, Trump opened in 2016.
Two more are coming soon on West Pender (Exchange, and the new one next door). Amacon have one proposed in the Catholic Charities / Northern Electric building on Robson, the YWCA are adding more rooms on Beatty and Onni have an approved hotel in the False Creek Flats. There's a smaller hotel now being put back under the apartments conversion at the Coast Hotel on Denman.
There has been an open house for a redeveloped and much larger hotel on the Park Inn on West Broadway as well.
As I've noted before, the one gap that I can see is that we haven't seen any budget hotels proposed; they're all medium to high end. The changes and control of Airb&b may make a difference, but land values might push those out to suburban locations. Provided they're close to transit, that probably doesn't matter. While apartment rental vacancies are so low, and rents in new units comparatively high, it seems less likely that we'll see too many proposed on Vancouver arterials, however welcome that would be.