Victoria Vancouver Island Hotel Motel Inn Appraiser Realtor

Capital CityCentre Hotel in Victoria Has Been Sold

Phone: 1.800.592.1349
E-mail: [email protected]
Address: 129 Nanaimo Ave W, Penticton, BC

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Name: Capital City Centre Hotel

Address: 1961 Douglas Street, Victoria, BC

Sold Date: March 1, 2021

Sold Price: $24,500,000 as reported by BC Assessment

Number of Rooms: 96

Sale Price Per Room: $255,208

Land Size: 43,466 Sq Ft

Overview:

The B.C. government purchased the Capital CityCenter Hotel in Victoria to use as temporary housing. At the time of purchase the province was leasing 83 of its 96 rooms to use as sheltering space. The province says it will convert 94 of the hotel’s rooms into temporary housing units, while the remaining two rooms will be used for administrative purposes.

Location:

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This article has been prepared by Frontier Hospitality Advisor for general information only. Frontier Hospitality Advisor makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Frontier Hospitality Advisor excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this article and excludes all liability for loss and damages arising there from.

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