Originally Posted by
WheelsFirst
The Four Seasons is not up to usual FS standards and is also leaving FS in Jan 2020.
FS is leasehold owner. lease expired. FS chose not to renew to 2035. (why bother?)
https://en.wikipedia.org/wiki/Pacific_Centre https://en.wikipedia.org/wiki/Cadillac_Fairview
benefitscanada.com/news/cadillac-fairview-ups-toronto-ritz-carlton-stake-to-100-115230
re FS deflags:
https://www.flyertalk.com/forum/luxu...l#post26600688
whats highest upgrade at pac rim?
gold suites USD feb 13 flexible >
1001 800ft2 suite
1152 900ft2 owners
1830 1200ft2 corner
_____ 2230ft2 prime minister
_____ 2250ft2 chairman
rosewoodhotels.com/en/hotel-georgia-vancouver/accommodation/suites/lord-stanley-suite
rosewoodhotels.com/en/hotel-georgia-vancouver/accommodation/suites/rosewood-suite
travelandleisure.com/articles/rosewood-hotel-georgia-royal-suite
all had residential condos >
two SL , pacific rim owned by Westbank , Peterson Group
rosewood developer sold hotel in 2017
alwaleed built FS toronto , sold hotel to another billionaire
population
2.7m toronto
0.6m vancouver
0.9m san francisco (similar to vancouver for land and population)
article about sale/deflag of MO SF says hard to develop in SF
bizjournals.com/sanfrancisco/blog/2015/01/hotel-transactions-san-francisco-rooms-lasalle.html
luxury hotels are not charities, even when they dont care about profit
these days most luxury hotels in cities have residential component