Inn at the Quay

news article

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 International 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.

Pour plus d’informations, veuillez contacter:

Russell Beaudry

Senior Director | Hotels

Vancouver

- A key member of the Canadian hotel team (over 250 lodging transactions completed across Canada since 2010) 
- Notable assignments include: St. Regis Toronto / Park Hyatt Toronto / Rosewood Hotel Georgia Vancouver / Fairmont Chateau Laurier Ottawa
- Skilled with land development and mixed-use projects including office, retail and residential

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