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195-room Patricia Hotel and parking lot sells for $61.95 million

East Hastings Street hotel in Vancouver eyed for repurposing and potential development for social housing
Corbel Commmercial Inc., Vancouver, for Western Investor

Property type: Hotel

Location: 403, 427 East Hastings Street, Vancouver

Number of rooms: 195

Size of land: 21,350 square feet

Land size in acres: .49 acres

Zoning: DEOD (Downtown Eastside Oppenheimer District)

Price: $61,950,000

Buyer: BC Government

Date of sale: April 15, 2021

Brokerage: Corbel Commercial Inc.

Brokers: Willow King, Marc Saul and Robert Tham