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Image Credit Versante Hotel
- Deloitte Restructuring Inc., acting as the Court Appointed Receiver and Manager of certain assets of International Trade Center Properties Ltd., Hotel Versante Ltd., and RCC Holdings Ltd., has enlisted Colliers Hotels and Colliers Insolvency Group to act as advisors in the sale of the 100-key Versante Hotel in Richmond, British Columbia.
- The Versante Hotel, opened in mid-2021, consistently outperforms several other Richmond-area hotels in average daily rate due to its unique room offerings, superior service levels, and differentiated guest experience.
The Versante Hotel, a recently constructed luxury lifestyle hotel in Richmond, British Columbia, is now available for investment opportunities. Colliers Hotels and Colliers Insolvency Group have been appointed by Deloitte Restructuring Inc., the Court-Appointed Receiver and Manager of certain assets of International Trade Center Properties Ltd., Hotel Versante Ltd., and RCC Holdings Ltd., to manage the sale.
The hotel opened its doors in mid-2021 and is a purpose-built establishment that reflects a contemporary design standard. Its bold aesthetics, superior finishes, and thoughtful design make it a top-tier choice for leisure and business travelers.
Furthermore, the Versante Hotel consistently surpasses many other hotels in the Richmond area in terms of average daily rate. This strong performance is attributed to its unique room offerings, elevated service levels, and differentiated guest experience, all contributing to robust revenue per available room (RevPAR).
The hotel’s revenue streams are diverse, deriving from guest rooms, leased food and beverage services, and efficient meeting spaces. These varied income sources support attractive operating margins, making this an enticing prospect for potential investors.
The Versante Hotel is in a prime location in North Richmond, near Vancouver International Airport, making it an ideal choice for travelers. Its excellent location and strong amenity base offer a compelling upside in Greater Vancouver’s high-barrier lodging market.
This sale provides a rare chance to acquire a premier, newly built hotel in a sought-after location. The Versante Hotel’s recent construction, high performance, and strategic location near Vancouver International Airport make this an investment opportunity worth considering in the bustling Metro Vancouver area.
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