Friday, 09 March 2012 21:26
March 1, 2012 – Sales of hotel properties continued to increase in volume and overall value in 2011 as reported in the Vancouver Sun(1) , a trend our Commercial Real Estate group has noted over the last year and a half. The size and number of transactions that our firm has represented on behalf of our clients through the first two months of 2012, shows promise that this year will continue this trend. As noted in the Vancouver Sun article, the largest single property hotel transaction in B.C. (and second largest in Canada) for 2011, was the sale of the Delta Vancouver Airport Hotel. John Morgan, Associate Counsel at Watson Goepel, represented Van-Air Holdings Ltd. in the sale of this property to the Inspire Group (Vanair Hospitality Ltd.)
(1)Morton, Brian (2012, March 1). B.C. hotels see strong sales growth in 2011. Vancouver Sun Accessed on March 1, 2012.