Brookfield Looks To Sell Retail Component Of Shangri-La Vancouver

Brookfield is looking to sell the retail component of the Shangri-La Vancouver, just months after acquiring it alongside the hotel. The retail section, located at 1121 Alberni Street, is a fully leased 40,996 square foot property, housing tenants such as Burberry and The Keg, with an occupancy rate of 100%. This offering presents a significant investment opportunity in Vancouver’s premier retail corridor, as foot traffic is expected to increase with the rebranding of the hotel to a Park Hyatt by 2026.