Recently sold Vancouver hotel suite includes slew of benefits

Dec 20 2024, 6:10 pm

A hotel suite located at the Marriott Pinnacle Hotel in Vancouver just sold, and along with the suite, the new owner is also getting some pretty nice perks.

Unit 2002 at 1128 West Hastings sold for $530,000, above the assessed value of $375,200 and slightly under the asking price of $535,000.

The hotel was built in 1999. While the suite is a fairly standard room, it has some cool benefits that might make some people consider investing in this type of real estate.

The suite is 361 sq ft, smaller than some Vancouver apartments, which is saying a lot considering the small size of some units in the city. Despite its size, the room offers pretty decent city views.

The listing’s photos of the unit are of the same room located on a higher floor.

vancouver hotel suite

The room includes a small work desk. (Anson Realty Ltd.)

The Anson Realty listing says this Marriott location is a 4.5-star hotel in Coal Harbour. It adds that it’s a “Turnkey managed property whereby owner shares net revenue from hotel rental pool.”

Anson Realty Ltd.

That revenue includes income from guest rooms, the hotel restaurant, function rooms, and ballroom income.

vancouver hotel suite

Anson Realty Ltd.

Other benefits of this hotel strata ownership sale include the owner’s ability to stay in the room up to 30 nights per year (subject to certain rules).

The room could use a new TV. (Anson Realty Ltd.)

The new owner of the Vancouver hotel suite also gets access to the fitness centre, indoor pool, and business centre and a 15% discount at the hotel restaurant.

vancouver hotel suite

The pool actually looks pretty nice. (Anson Realty Ltd.)

The listing disclaims that the unit is “NOT a private residence.”

Anson Realty Ltd.

Looking at the assessment history of this suite, the highest it was in the last ten years was in 2022, when it was assessed at $412,600. The lowest it was in that period was in 2015, when it was a low $145,400.

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