Brookfield Asset Management Buys Vancouver’s Shangri-La Hotel

Brookfield Asset Management has acquired Vancouver's Shangri-La Hotel, previously owned by Westbank and Peterson, and renamed it temporarily as the Hyatt Vancouver Downtown Alberni. The hotel will be rebranded as a Park Hyatt in 2026 following a multi-million-dollar redesign to enhance guest rooms and public spaces. This move is part of Hyatt's strategy to expand its luxury brand presence in Canada's urban markets.

Brookfield Asset Management a acquis l'hôtel Shangri-La de Vancouver et l'a temporairement renommé Hyatt Vancouver Downtown Alberni. L'hôtel deviendra un Park Hyatt en 2026 après une rénovation de plusieurs millions de dollars. Cette initiative contribue à l'expansion de la marque de luxe Hyatt sur les marchés urbains canadiens.