The operator of Pacific Inn Resort in South Surrey is looking for 3rd-party assistance in renewing the sprawling resort and convention centre sophisticated.
For a long time, Everyday Hive Urbanized has been next the progression of the planning for the future of the resort at its 4.8-acre site of 1160 King George Boulevard, which is strategically positioned next to Freeway 99 and about a 4-moment drive from the Canada-US border’s Peach Arch crossing.
The home was lately listed for sale by Colliers Global, which calls it a “rare opportunity” to redevelop “the shell” of the previous Pacific Inn Vacation resort.
But the listing notably emphasizes the prospective chance of executing key renovations on the present shell of the structures — rather of the previously contemplated significantly additional bold method of a complete demolition for a model new lodge and conference centre redevelopment from scratch.
The present five-storey hotel building was constructed in 1992, and it has a full constructing flooring space of about 140,000 sq ft. It has 150 visitor rooms and 10,000 sq ft of assembly and celebration house, in addition an extraordinary glass-covered indoor atrium courtyard with visitor features, these types of as a swimming pool, lounge areas, and a cafe. The substitute value of these kinds of unique areas is enormous and may possibly help the alternative options of retaining, reusing, and renovating the present structure, in particular with escalating inflation in construction prices for products and labour.
Ever since the lodge shut in Oct 2018, considerably of the past inside finishings have been gutted, and it has noticed numerous temporary makes use of, including as a established for important movie and tv productions, these kinds of as Stephen King’s The Stand on CBS All Obtain.
At the time of the resort closure, the proprietor indicated they were being making ready the sophisticated to go through an comprehensive interior and exterior renovation at a price of $28 million into Metro Vancouver’s to start with DoubleTree by Hilton branded lodge.
In January 2021, Everyday Hive Urbanized documented the City of Surrey was in the early phases of reviewing a rezoning software from Mason Hyperlink Progress to entirely redevelop the house into two new hotel buildings, achieving 10 storeys and six storeys.
This additional bold idea — built by architectural organization IBI Group — also included 41,200 sq ft of meeting and assembly area, which is additional than 4 moments the space for this kind of takes advantage of in the present creating. It was famous DoubleTree by Hilton was retained as the brand for this redevelopment strategy, and there would also be an added residential use ingredient.
The present resort setting up is surrounded by surface area parking plenty with about 400 vehicle stalls, wherever the household buildings can be constructed.
Local developer Fountana Team, which is affiliated with Mason Link Development, has indicated Pacific Inn Vacation resort is section of its portfolio. On its web-site, Fountana states it is setting up a “complete overhaul and modernization” that will “spawn two new resort structures, a 4-storey convention centre, residential properties, and numerous retail possibilities.” It exclusively notes the thought of two new 10-storey and 6-storey hotel properties will be retained, together with the addition of two six-storey residential buildings.
Fountana also notes such a full mixed-use lodge, convention centre, household, and retail redevelopment is targeted for a 2025 completion, but it is unclear if that stays the case specified the listing, allowing, and necessary construction timeline at this juncture.
During substantially of its background, the resort house has been hooked up to the moniker of “Pink Palace” for its eye-popping selection of pink shade for its exterior. But the setting up is no for a longer period pink — sometime concerning 2021 and 2022, it was absolutely repainted to an off-white shade with black trimmings. The repainted exterior matches the design and style shown in Fountana’s inventive renderings of a retained and renovated lodge beneath DoubleTree by Hilton.
In accordance to BC Evaluation, the property’s assessed benefit as of July 2022 is $22 million, which includes $21.5 million for the land and $563,000 for the composition. This is up from the July 2021 assessed worth of $18.3 million, including $18.2 million for the land and only $88,000 for the framework.
The assets final changed arms in 2015 in a deal value $11 million. At the time, its assessed value was about $8 million.