City purchases Ramada Inn on Kingsway

Courtesy The Globe and Mail

A Vancouver realtor confirmed the Ramada Inn was sold for $15.5-million. (Jeff Vinnick /Jeff Vinnick/The Globe and Mail)

“In a new approach to tackle Vancouver’s ongoing problems with low-cost housing and homelessness, the city has bought the Ramada Hotel on Kingsway – far from the downtown core.

Councillor Kerry Jang, who confirmed to The Globe and Mail the as-yet-unannounced purchase of the 122-room hotel, said the building is going to be used as housing for seniors who need to be moved from other residences in the city that require renovation.”

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