Pink Palace Hotel

Overview

Overview The property is located about four minutes drive from Peace Arch State Park, 25 km from Boundary Bay Airport, and strategically located next to Highway 99. The existing five-storey hotel building was constructed in 1992, and it has a total building floor area of about 140,000 sq ft. It has 150 guest rooms and 10,000 sq ft of meeting and event space, plus an impressive glass-covered indoor atrium courtyard with guest amenities, such as a swimming pool, lounge areas, and a restaurant. The hotel has seen various temporary uses, including as a set for major film and television productions, such as Stephen King’s The Stand on CBS All Access.

Highlights
● Optimal Design: Easy access, ample parking, excellent street exposure, extensive frontage
● Strategic Location: The property is located about 10 minutes from Peace Arch State Park, 25 km from Boundary Bay Airport.

● Future Upside: City of Surrey was in the early stages of reviewing a rezoning application to completely develop the property into two new hotel buildings reaching 10 storeys and six storeys. This more ambitious concept, designed by architectural firm IBI Group, also included 41,200 sq ft of conference and meeting space, which is more than four times the space for such uses in the existing building.

● Parking: The existing hotel building is surrounded by surface parking lots with about 400 vehicle stalls, where the residential buildings can be constructed.

Represented the Purchaser.