With one new upscale hotel already planned for Vancouver’s waterfront, commercial property developer Dean Kirkland believes there’s room for at least one more.
Kirkland, chairman of Vancouver-based Kirkland Development, said Wednesday that he plans to launch construction next spring of a hotel-condominium building at the foot of Esther Street, within the 32-acre Vancouver Waterfront development that is finally getting traction after years of preparatory work. Kirkland’s disclosure to The Columbian of the approximately $40 million project, to be branded Hotel Indigo, comes on the heels of last month’s announcement that Vancouver-based Vesta Hospitality will build an AC Hotel by Marriott at the Port of Vancouver’s Terminal 1, immediately east of the planned Hotel Indigo. Construction of that project could be two years away, Vesta executives said.
Both hotels will be within easy walking distance of the Hilton Vancouver Washington and its convention facilities. But Kirkland, whose company is a major property developer along east Vancouver’s 192nd Avenue corridor, has no worries about a surplus of downtown hotel rooms.
“The more the merrier,” Kirkland said. “The timing is right for the Vancouver waterfront.”
The downtown waterfront hotel boom may not be over yet. Gramor Development, master developer of the waterfront site, hasn’t ruled out adding another hotel to the waterfront mix. It’s definitely a strong possibility in the longer term, Gramor President Barry Cain said in a statement.