VANCOUVER — The five-star Rosewood Hotel Georgia has been sold to Vancouver-based real-estate investment firm Pacific Reach Properties, according to CBC News.
The 156-room hotel, located at Georgia and Howe in Vancouver, will continue to be managed by Rosewood and retain its name.
“The Rosewood Hotel Georgia is one-of-a-kind and we’re thrilled to add it to our growing portfolio of high-value real estate investments,” said Pacific Reach Properties’ CEO Azim Jamal.
Pacific Reach Properties purchased the hotel from Delta Land Development Ltd, which had originally reached an agreement to sell the property to Hong-Kong-based Able Shine Enterprises and Magnificent Hotel Investments Ltd. — a deal which reportedly fell through.
Pacific Reach Properties also owns the Westin Grand Vancouver, Radisson Vancouver Airport and Toronto’s Maple Leaf Quay.