Strata hotel investment opportunity in the Vancouver Marriott Pinnacle Downtown Hotel. One of Vancouver's premier hotels, located in the heart of downtown and in close proximity to skytrain, convention centre, business district, and shopping districts.
Solid cash flow return: NET annual return of over $10,000 for EACH of the five units in 2011. All expenses paid by management company, aside from property taxes. At list price, the cap rate on investment the last three years has not been below 5.2%.
No owner occupancy, but ownership perks do include 30 days per year free stay. restaurant discounts, and unfettered use of rec facilities.
Can be purchased individually or five units together: unit #'s 712, 715, 718, 720, and 721.
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Scott Yaworski is a licensed realtor who comes from a corporate sales background. He specializes in residential properties in Vancouver and Richmond, though is able to provide services throughout Metro Vancouver.
"Because of Scott's professional sales expertise and marketing of our home we sold our house in one weekend. We also appreciate his help in finding our new home and would not hesitate in recommending Scott for all your real estate needs."