VANCOUVER — Mundi Hotel Enterprises has acquired the Hyatt Place Metrotown in Metropolitan Vancouver from Thind Properties for $47.2 million.
The hotel is part of a 48-storey mixed-use tower completed in late 2023, but an adjacent 10-storey podium has remained vacant. It was originally designed as office space, but Thind received approval earlier this year to convert the space into a hotel. The 159-key hotel is scheduled to open in 2025. Colliers assisted with the transaction.
