Concorde Pacific Buys Vancouver's Bayshore Hotel

There is perhaps no other Vancouver hotel that is as iconic as Coal Harbour's Westin Bayshore, which sits on the waterfront with astounding views. Built in the 1960s Starwood Capital and investors from the Middle East bought the hotel in 2013 for $151M and just sold it fo $290M. Crazy!

The hotel housed the International Olympic committee in the 2010 Olympic Winter games in Vancouver. As well, its most famous guest was Howard Hughes, who stayed in the penthouse and rented several ofther floors for six months in Spring 1972.

Concorde Pacific has purchased the property with the expectation that zoning could change in the future to accommodate redevelopment.

September 2015

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