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City of Vancouver buys Best Western Kingsway hotel for homeless housing


This 1996-built, four-storey building on a 10,000 sq ft lot contains 69 guest rooms. Following renovations later this spring and summer, it will have 68 units for individuals experiencing or at risk of homelessness.
The acquisition value was not disclosed. According to BC Assessment, the property’s assessed value is $14.3 million, with $10.03 million from the land and $4.25 million from the structure. The site is within very close proximity to SkyTrain’s future Mount Pleasant Station.
Best Western Plus Uptown Hotel at 205 Kingsway, Vancouver. (Best Western International)
Best Western Plus Uptown Hotel at 205 Kingsway, Vancouver. (Best Western International)
The municipal government acquired Best Western Plus Uptown using a portion of the $51.5 million in grant funding from the federal government’s Rapid Housing Initiative. This fund was also tapped for the city’s previously announced acquisition of Days Inn by Wyndham Vancouver Metro Hotel at 2075 Kingsway ....

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