BC Housing buys a third Vancouver hotel

The B.C. government has bought the American hotel on Main Street, and an adjacent lot, for $17.9 million in an off-market deal. It is the third Vancouver hotel purchased by the province this year.

BC Housing for Western Investor
July 23, 2020

American Hotel sold
— BC Housing for Western Investor

Property type: Hotel and vacant lot

Location:928 Main Street and 938 Main Street, Vancouver.

Number of units:42

Year built: 1907

BC Assessment Value 2020: Hotel, $7 million; adjacent lot, $4 million. (Total of $11 million)

Sale price:$17.9 million

Purpose: Supportive housing

Buyer: BC Housing, province of British Columbia.

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