The Private Residences at the Oak Bay Beach Hotel is a collection of 14 luxury waterfront homes at the five-star Oak Bay Beach Hotel.
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This is definitely a growing trend on the lower Mainland, where you have mixed-use residential and hotel towers popping up, like Living Shangri-La, Fairmont Pacific Rim and the Hotel Georgia.
Hotel living back in vogue as boomers look to aging-in-place alternatives
Harking back to the early 20th Century when the practice was more common, hotel living is on the cusp of a renaissance in the Capital Region as retirees look for alternatives to traditional seniors housing communities.
Aging in place doesn’t have to mean living in a seniors home, says Lorie Taylor, a retiree who recently moved with her husband to Victoria from their native Calgary.
“We fell into a dream, to be perfectly honest, when we realized that living in a hotel had unique benefits that fit our lifestyle,” Taylor said, speaking to her and her husband’s decision to purchase a suite at the Oak Bay Beach Hotel (OBBH) back in 2012.
And if there is one certainty with boomers, Taylor says, when a trend takes hold, watch out.
“Boomers follow. There’s just so many of us that once a trend breaks through, and if you’re not one of the trendsetters, you’re going to end up paying more for something that only years earlier was a relative bargain. You can already see this occurring at the Oak Bay Beach Hotel where two of the 14 homes sold shortly after we purchased ours.” [Full article]
about 20 years in the Beverly Hills Hotel enjoying room service, housekeeping, hot and cold running starlets...the whole package.
Having every doorknob disinfected every 3 minutes!
501 sold today for $1,279,000 which works out to $713 per square foot.$1,279,900
Low inventory, strong demand and rising in-migration will push Victoria's property values to new highs, say real-estate professionals.
An emerging senior living trend in Metro Vancouver creates opportunity for Greater Victoria.
Following its financial restructuring, the Oak Bay Beach Hotel's new owners have wasted no time turning the operation into a financial powerhouse.