Westin Bayshore
  • Location: Vancouver, BC

Sold for $288M

Our diverse team recognized that the investment market was primed for this hotel and it would be aggressively pursued due to its location in the desirable area of Coal Harbour in downtown Vancouver. We believed sale proceeds would exceed market value for the property based on its future development potential despite restrictive zoning in place. 

The marketing material placed emphasis on the current income of the property along with the exceptional potential for mixed-use redevelopment despite a lack of zoning in place. That was a risk that the new owner would have to accept. Our competitive, three round process achieved sale proceeds beyond expectations to a first-time hotel buyer resulting in an exceptional price for our client.