Western Coast Investments Ltd. has acquired the Comfort Inn Vancouver Airport Hotel at No. 3 Road and Sea Island Way in Richmond, B.C.

The hotel contains 129 rooms. The purchase price was $8,533,000, representing $66,147 per room. The site is 1.6 acres.

The zoning in the area is for hotel commercial. The official community plan is Urban Centre T5, which allows a variety of uses.

Hollyburn Properties have acquired Crestview Terrace, a 10-storey concrete apartment building located at 1414 Davie Street in the West End of Vancouver. The building has 36 units and was built in 1965. The price was $7,641,560, equating to $212,000 per unit, and a capitalization rate of 3.8%. The zoning for the property is RM-5A.