The Lotus Hotel, a six-storey building retail and apartment property located at West Pender and Abbott Street in Downtown Vancouver has sold for $17,900,000.
The building, built in 1913, was substantially upgraded in 2001 and 2009 The main floor and basement have been leased as a 12,000 SF retail tenant operating as The Pint Public House. The upper floors feature 110 bachelor suites, which are self-contained with kitchenettes (fridge, stove, sink) and three-piece bathrooms. These units reportedly average 210 SF.
The building was sold by Steve Fame at Colliers and had been listed for sale for $18,698,000.
