4700 No. 3 Road

• 181-room hotel development site
• Gross buildable area: 78,423.40 sf (FSR: 3.50)
• Superb amenities including a 90-seat restaurant, 50-seat lounge, fitness room, retail space and more
• ~107 parking stalls
• Positive HVS Feasibility Report (Completed 2023)
• ADR is setting new records, driven by the strength of the market, and the addition of new and newly renovated supply
• Forecast 2029 | 80% occupancy rate & $339.65 average daily rate
• By 2030 there is a shortfall of almost 20,000 hotel rooms

Property Description

The Avison Young National Hotel Team is pleased to market for sale the Landmark Hotel Development Site at 4700 No. 3 Road in Richmond, BC, the fourth largest city in the province. This is a unprecedented opportunity to develop a 181-room hotel on a 23,322 square foot site featuring a restaurant, lounge, retail space and more within a 10-minute drive to Vancouver International Airport, neighbouring convenient SkyTrain Transit connecting guests to all of Metro Vancouver and within walking distance to shopping, services and amenities.