The Westin Grand Vancouver
Sales Date: February 2015
Buyer: Pacific Reach Properties
The Westin Grand Vancouver is situated at one of the most desirable locations in the City at the confluence of the downtown core and trendy Gastown and Yaletown neighbourhoods, providing a multitude of amenities and demand generators such as Rogers Arena, BC Place, Granville Island, Stanley Park, Pacific Centre Mall and the Olympic Games Village. The Hotel features a total of 207 stylish suites offering stunning city views, complemented with an outdoor swimming pool, WestinWORKOUT centre and dining at Hidden Tasting Bar as well as +5,000 SF of meeting space. The Offering provided a rare opportunity to acquire prime real estate in a high-barrier to entry thriving pocket of Downtown Vancouver and received significant interest from a variety of domestic and foreign capital sources. A majority interest in the Property was acquired by Pacific Reach Properties, an established hotel owner/operator in the Vancouver market with a growing portfolio of hotel, multi-family, commercial and retail assets under management.