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Inn at the Quay

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Inn at the Quay

Sales Date: June 2012
Keys: 126
Price: $17,325,000
Client: Narland Properties

Buyer: Temple REIT
Cap Rate: 8.6%

As the exclusive advisor to Narland Properties (Quayside) Ltd., Colliers Hotels conducted a targeted marketing campaign for the Inn at the Quay, approaching logical investment groups. 

Overlooking the Fraser River, this recently renovated 126-room hotel is the preeminent boutique-style hotel in the area and offers an excellent complement of facilities and amenities to service both leisure and corporate demand. The offering represented a truly unique and strategic opportunity to acquire a distinguished waterfront asset in the metro Vancouver area.

The hotel was acquired by Temple Hotels Inc. (TSX: TPH). The Vendor, Narland Properties is a regional real estate company that had purchased the property as part of a larger parcel years prior.

For More Information, Please Contact:

Robin McLuskie

Managing Director | Hotels

Toronto Downtown

Robin has been with Colliers since 2003 and is responsible for hotel and resort investment sales, business development and client management. As Managing Director of Canadian hotel brokerage operations, she is an industry leader representing Canada's largest hotel owners, focusing on developing long-term client relationships and helping to establish Colliers as the advisor of choice to institutional capital and private investors.

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