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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.
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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.
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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.
Howard Hughes!
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
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Hotel living back in vogue as boomers look to aging-in-place alternatives
An emerging senior living trend in Metro Vancouver creates opportunity for Greater Victoria.
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Following its financial restructuring, the Oak Bay Beach Hotel's new owners have wasted no time turning the operation into a financial powerhouse.
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