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Gastown CPR Hotel 80 Powell St 90 Room Hotel Vancouver, BC V6A 1E7 For Sale
Investment Highlights
- Proposed 13-storey hotel development
- Compelling risk-adjusted development profile
- Destination rooftop restaurant
- 90 hotel rooms
Executive Summary
80 Powell Street presents a rare opportunity to develop the first purpose-built hotel in Gastown, one of Vancouver’s most iconic and culturally significant neighbourhoods. The site is currently improved as a surface parking lot and is the subject of an active development permit application for a 13-storey hotel featuring a publicly accessible destination rooftop restaurant.
The proposed development has been carefully designed to integrate with Gastown’s historic urban fabric, referencing the site’s former CPR railway alignment and off-grid street pattern while introducing contemporary architecture that complements the surrounding heritage streetscape. A setback, double-height ground floor enhances pedestrian permeability and the guest arrival experience, strengthening connections between Powell Street, the laneway, and adjacent public spaces.
Atop the building, a rooftop restaurant is envisioned as a signature destination offering panoramic views over the downtown waterfront, Burrard Inlet, port facilities, and the North Shore mountains. Designed to serve both hotel guests and the broader community, the rooftop functions as a core branding and revenue component, supporting year-round demand and visibility beyond the in-house guest base.
The hotel’s scale and configuration are well aligned with hospitality operations in Gastown, supporting efficient room counts, experiential positioning, and strong per-key performance. 80 Powell Street offers owner-operators and development partners the opportunity to establish a landmark hospitality asset in a highly supply-constrained market, with enduring appeal for both long-term hold and future investment options.
The proposed development has been carefully designed to integrate with Gastown’s historic urban fabric, referencing the site’s former CPR railway alignment and off-grid street pattern while introducing contemporary architecture that complements the surrounding heritage streetscape. A setback, double-height ground floor enhances pedestrian permeability and the guest arrival experience, strengthening connections between Powell Street, the laneway, and adjacent public spaces.
Atop the building, a rooftop restaurant is envisioned as a signature destination offering panoramic views over the downtown waterfront, Burrard Inlet, port facilities, and the North Shore mountains. Designed to serve both hotel guests and the broader community, the rooftop functions as a core branding and revenue component, supporting year-round demand and visibility beyond the in-house guest base.
The hotel’s scale and configuration are well aligned with hospitality operations in Gastown, supporting efficient room counts, experiential positioning, and strong per-key performance. 80 Powell Street offers owner-operators and development partners the opportunity to establish a landmark hospitality asset in a highly supply-constrained market, with enduring appeal for both long-term hold and future investment options.
Property Facts
| Sale Type | Investment | Building Size | 64,000 SF |
| Sale Condition | Redevelopment Project | No. Rooms | 90 |
| Property Type | Hospitality | No. Stories | 13 |
| Property Subtype | Hotel | Year Built | 2030 |
| Building Class | B | Corridor | Interior |
| Construction Status | Proposed | ||
| Zoning | HA-2 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Construction Status | Proposed |
| Building Size | 64,000 SF |
| No. Rooms | 90 |
| No. Stories | 13 |
| Year Built | 2030 |
| Corridor | Interior |
| Zoning | HA-2 |
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $299.06 USD | - |
| Guest Room | 88 | $221.26 USD | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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Gastown CPR Hotel | 80 Powell St
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