What happened: Cadillac Fairview confirmed to Business in Vancouver on January 15 that it will replace its tenant, Vancouver’s Four Seasons hotel, with a new hotel brand once the Four Seasons closes permanently later this month after more than 40 years at its location on Howe Street near West Georgia Street.
Why this matters: Vancouver has been losing hotel rooms for years despite already having a shortage of places for visitors to stay
Western Canadian director Tom Knoepfel told BIV that the future hotel brand is a “world-leading, luxury lifestyle brand,” and said that his company is in talks with a few possible tenants.
His company plans to conduct extensive renovations on the 30-storey building that connects to its shopping centre starting this spring.
"There are extensive amount of work that would need to be done to prepare the building," he said. "We look forward to the building opening as soon as possible."
The Four Seasons Vancouver's lease term ends Jan. 31, however the rooms and restaurant will be closed as of Jan. 20.
Read more from Business In Vancouver
