Luxury Real Estate Partners today announced a partnership with Smarter Agent to provide Las Vegas condo listings on smart phones and tablets.

The app uses GPS to identify Las Vegas Condos for sale in the user’s immediate geographic area, when available. Users also can search by a U.S. address, city or zip code to see property details including price, square footage, estimated mortgage, taxes, features, maps and pictures for all homes for sale in a specified area.

“Luxury Real Estate Partners Mobile is leading the charge on the growing mobile marketplace and helping our team own the mobile relationship with current and potential clients,” said Anthony Phillips, President, Luxury Real Estate Partners. “Luxury Real Estate Partners Mobile is unique in that it offers downloadable apps for the iPhone, BlackBerry, Android, Palm and standard cell phones across all carriers, as well as a mobile web search version, enabling our network to virtually reach all homebuyers that use mobile devices, in Las Vegas.”

Luxury Real Estate Partners Mobile features includes a Refine Search capability that allows users to narrow their search by selecting a price range, property type and number of bedrooms and bathrooms. If a user has questions or wants a tour of the property, the Call feature immediately connects them to a Luxury Real Estate Partners representative. A new Contact feature allows them to either call or e-mail the agent for additional property information from within the app. Additional enhancements include the ability to save a search or favorite properties to view later, send a property to a friend via text or e-mail and forward the Luxury Real Estate Partners Mobile app to any cell phone user via text message.

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To download the app, consumers can text “888LP” to 87778, or click on the Luxury Real Estate Partners app link found on mylvcondosales.com to send a text message to their phone with a link to download the app. Those using their smart phone can download the free app directly from the Apple, Blackberry, Android and Palm stores.

The Luxury Real Estate Partners Mobile app was created by Smarter Agent, the leading mobile real estate provider in the United States, to create innovative ways for buyers to search for homes and interact with their agents.

About Luxury Real Estate Partners:

Luxury Real Estate Partners is a Las Vegas based Real Estate Marketing firm which includes professionals in sales, management, construction, marketing and finance. For more information, visit www.luxuryrealestatepartners.com.

Luxury Real Estate Partners Mobile adds Las Vegas High Rise Condo Listings is a post from: Real Estate Press Release

LendingTree today released an infographic with the states with the highest and lowest average mortgage down payment.  New Jersey leads the nation with a 13.76% average down payment.  North Dakota is last, with an average 11.37% down payment.

Click to see graphic:

New Jersey Leads Nation in Highest Average Mortgage Down Payment According to LendingTree.com

Midwest states, including Wyoming and North Dakota, rank at bottom of list

Charlotte, NC, December 8, 2011 – With the housing market continuing to struggle and fewer consumers being able to purchase a new home or apartment, LendingTree.com, the nation’s leading online lender exchange and personal finance resource, today released data highlighting the average down payments on residential real estate purchases for all 50 states and Washington D.C.  New Jersey leads the country with the highest average down payment of 13.76%.  The state with the lowest average down payment is North Dakota, where buyers put down an average of 11.37%.  

The locations rounding out the Top Five for highest down payments including Washington D.C. (13.54%), New York (13.51%), Hawaii (13.37%) and California (13.25%).  The states completing the bottom five are Wyoming (11.42%), Oklahoma (11.67%), Utah (11.75%) and Tennessee (11.75%). Overall, the average down payment for all states is 12.29%.

LendingTree has created an infographic showcasing the “down payment divide” and it is available at http://marketing.lendingtree.com/pr/map_info_graphic.jpg.

“If Federal regulators were to adopt the proposed 20 percent down payment requirement, a majority of borrowers wouldn’t be able to meet the standard given the findings in this report,” said Doug Lebda, founder and CEO of LendingTree.  “The proposed rule is part of a larger set of requirements that would exempt qualified borrowers from risk retention requirements and would have access to the lowest rates available.  While this rule has yet to be put into effect, borrowers should be aware of the possibility and plan for future home loan needs. By utilizing LendingTree, borrowers can find the lowest rates available, find the best deal, and decrease monthly payments to make the dream of owning a home a reality.”

Additional findings from the LendingTree data include:
-    New Jersey, a state with a loan-to-value ratio lower than the national average, also has a higher average home price than most other states.  However, New Jersey falls into the higher end of the spectrum in terms of average debt-to-income ratios.
-    Nevada, a state that has had high foreclosure rates and sharp decrease in the numbers of homes purchased, actually ranks as the state with the ninth highest average down payment at 13.05%.
-    The state with the most “closings” to date in 2011 is Texas, with 39,498 (thru October 2011).  South Dakota has the fewest closings this year with only 807.

About LendingTree, LLC
LendingTree, LLC is the nation’s leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE , join our Facebook page and/or follow us on Twitter @LendingTree.

Highest and Lowest Mortgage Down Payments By State is a post from: Real Estate Press Release

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Prudential Real Estate Sells to Real Living (Brookfield Asset Management) is a post from: Real Estate Press Release

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Multifamily continues to lead recovery according to new CCIM Institute and RERC data.

CHICAGO, IL (Dec. 1, 2011)— In 3Q11, commercial real estate ranked highest among investment alternatives, followed by cash, in CCIM Institute and Real Estate Research Corp.’s 4Q11 RERC/CCIM Investment Trends Quarterly.  “Despite the investment losses taken with commercial real estate during the past few years, it is still a relatively stable investment compared to the volatility of the stock market and the potential is there for reasonable returns,”  said Ken Riggs, CCIM, CRE, MAI, chief real estate economist of the CCIM Institute and chairman and president of Real Estate Research Corp. “Unlike other investment alternatives, there is a transparency associated with commercial real estate that gives us some sense of security about our investment — we can actually see the tenants use the buildings and get a better sense of the actual value and risk with our investment.”

Multifamily continued to lead the industry in 3Q11 with CCIM members increasing their investment conditions rating for the apartment sector to 7.2 on a scale of 1 to 10, with 10 being high. “The apartment sector is still strong. The positive returns on this property type compared to the risk are likely to continue for the near term,” Riggs added. “However, we are seeing increasing pressure on some of the other property types. And, as demonstrated by CCIM members’ ratings, the returns compared to the risk for all the other property sectors are flat or declining.”

On a 12-month trailing basis, total transaction volume for all sectors increased during 3Q11. In addition, volume increased for each property type in each of the transaction volume categories.  On a quarterly basis, total transaction volume for the office, industrial, apartment, and hotel sectors also increased during 3Q11.Total transaction volume, as well as volume for each of the transaction volume categories, declined significantly for the retail sector from 2Q11.

The 12-month trailing overall size-weighted average price per square foot increased for the office and retail sectors and the overall size-weighted average price per square foot/unit for the office, apartment, and retail sectors also rose in 3Q11. “Commercial real estate’s saving grace is that it was not overbuilt when the recession began,” Riggs explains. “As a result, property fundamentals continue to improve — vacancy rates are declining and rents are increasing slightly. This is what needs to continue for property prices to inch up.”

Read the entire 4Q11 RERC/CCIM Investment Trends Quarterly report at http://www.ccim.com/resources/itqonline.

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About the Survey
Published quarterly, the RERC/CCIM Investment Trends Quarterly report provides timely insight into transaction volume, pricing, and capitalization rates for the core income-producing properties. The RERC/CCIM Investment Trends Quarterly is produced by the Chicago-based Real Estate Research Corp. in association with and for members of the Chicago-based CCIM Institute.

About the CCIM Institute
Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements.  The CCIM curriculum was redesigned in 2010 to reflect changing student demographics and real estate brokerage services, growth in international markets, new technologies, and new delivery models.  The core curriculum addresses financial analysis, market analysis, user decision analysis, investment analysis, and negotiation—the cornerstones of commercial investment real estate.
An affiliate of the National Association of Realtors®, the CCIM Institute also offers powerful technology tools such as the Site To Do Business, an online site analysis and demographics resource, and CCIMREDEX, a single-entry listing and data exchange.

Currently, there are nearly 10,000 CCIMs in 1,000 markets in the U.S. and 31 additional countries, with another 6,000 practitioners pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world.  Visit www.ccim.com, www.stdbonline.com, and www.ccimredex.com for more

Commercial Real Estate Tops as Best Investment Alternative in 3Q11 is a post from: Real Estate Press Release

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Brad Schmett of Luxury Homes by Keller Williams has announced today that Palm Springs CA real estate is getting a big boost from Bill Clinton and the new Bob Hope Classic Golf Tournament, now called the Humana Challenge.

La Quinta, California (PRWEB) November 15, 2011

Brad Schmett, Broker Associate with Luxury Homes by Keller Williams and real estate expert, has today announced that Palm Springs CA real estate and La Quinta real estate is getting a big boost from Bill Clinton and the upcoming, new Bob Hope Classic Golf Tournament, now called the Humana Challenge. The popular, 52 year-old, PGA Tour golf tournament’s new name, coupled with several big changes in the tournament and the direct involvement of former President Clinton has recently put a huge spotlight on the Palm Springs area – in particular Palm Springs, CA real estate.

Brad Schmett, an expert in both Palm Springs real estate and La Quinta real estate, specializes in helping buyers purchase vacation properties and second homes in golf course and gated communities. Through his many years of service, Schmett has earned a reputation for providing the highest level of service to his clients.

Schmett states, “I’m amazed at the early and heightened level of interest we’re seeing in Palm Springs real estate as a result of the excitement and anticipation of the revamped Bob Hope Classic. We typically see this level of business activity much closer to tournament time, not 60 days out as we’re seeing right now.”

The 2012 Humana Challenge is a four-round, 72-hole event that takes place January 19-22 in La Quinta, CA at PGA West’s Nicklaus and Palmer Private courses and historic La Quinta Country Club. The new tournament name coincides with a new eight-year sponsorship deal with health care conglomerate Humana, a working relationship with President Bill Clinton, and a new four-day, three-course format with a smaller pro-am element. The tournament will continue to honor and celebrate the legacy of Bob Hope.

“During the past month, over 50 percent of my out-of-area real estate inquiries have come from tournament attendees who are looking to buy real estate in the Palm Springs area. There’s considerable excitement about learning more about the incredible real estate buying opportunities here in Palm Springs,” says Schmett. “They’ve heard or read about the great buys, now the want to come in for the tournament and check things out for themselves.”

“It’s classic example of combining business with pleasure,” says Schmett. “I can sense the enthusiasm tournament attendees have about the real estate buying opportunities here in Palm Springs. And, there’s tremendous excitement about the new tournament as well. Plus there’s the added bonus of getting the opportunity to soak-up some warm winter sunshine, follow their favorite celebrity on the course, and to possibly get a glimpse of President Clinton.”

Clinton will be the keynote speaker on Tuesday, January 17 at the first-ever national conference on health and well-being, which is designed to bring the idea of “participatory wellness” to life – and the overall theme of tournament week.

The lowest real estate prices in over a decade, coupled with a high inventory level of both Palm Springs homes and La Quinta homes for sale, has given buyers more options than ever before in the greater Palm Springs, CA real estate market. Schmett urges, “We may never see the likes of this type of buying opportunity in our lifetimes again. Now – or during tournament week – is definitely a phenomenal time to buy Palm Springs real estate.”

To find out more about investing in Palm Springs real estate visit www.LaQuintaRealEstateInfo.com.

About Luxury Homes by Keller Williams: Luxury Homes by Keller Williams – La Quinta, is an exclusive, elite and sophisticated group of real estate consultants raising the bar for service in the upper-tier La Quinta and Palm Springs, CA area residential real estate market.

How Bill Clinton Boosts Palm Springs CA Real Estate is a post from: Real Estate Press Release

ZIPREALTY SIGNS NUMBER ONE RALEIGH BROKERAGE TO ITS POWERED BY ZIP PROGRAM

Coldwell Banker Howard and Perry Walston partners with ZipRealty to utilize online customer sourcing and incubation system

EMERYVILLE, Calif. – November 10, 2011 – ZipRealty, (www.ziprealty.com; NASDAQ: ZIPR), the real estate company powered by web-based, proprietary technology and effective online marketing, announced today that the Company has signed Raleigh broker, Coldwell Banker Howard and Perry Walston, to its “Powered by Zip” program which provides brokerages with a comprehensive solution to attract, incubate and close real estate buyers and sellers via the online channel. Coldwell Banker Howard and Perry Walston is the number one real estate brokerage in the Greater Triangle Area (Raleigh, Durham and Chapel Hill) with over 600 agents and 12 offices.

“We are committed to partnering with great brokers in strong markets and sharing the power of ZipRealty’s strengths in technology and online marketing with them,” said Lanny Baker, Chief Executive Officer of ZipRealty. “The first two markets to use the system in Atlanta and Tucson proved the concept, and we are growing the program to work with additional local market leaders. Coldwell Banker Howard and Perry Walston is the perfect partner with their combined strength in the market, focus on full service, and adoption of technology.”

The Powered by Zip program includes online customer sourcing and agent marketing in a

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ddition to an extensive and intuitive Customer Relationship Management (CRM) tool that allows brokerages to communicate effectively with prospective buyers and sellers. Brokers can integrate and use the system with their own website buyer and seller leads, plus receive all buyer and seller leads generated from the ZipRealty.com website within the broker’s market. Pursuant to the Powered by ZipRealty Program, ZipRealty.com leads will be passed directly to Coldwell Banker Howard and Perry Walston, in order to increase their lead flow and ultimately, their closed transactions.

“By bringing two of the most dynamic real estate brands together in the Triangle, ZipRealty and Coldwell Banker Howard Perry and Walston exponentially expand our opportunities to bring the highest levels of service to even more clients and customers in the community. Everyone will benefit from this partnership,” said Eb Moore, Vice Chairman/CEO, Coldwell Banker Howard Perry and Walston.

Better Homes and Gardens Metro Brokers in Atlanta and Long Realty in Tucson were the inaugural launch partners in the Powered by Zip program, and have closed hundreds of additional real estate transactions using the system over the past six months.

ZipRealty is actively expanding the Powered by Zip program seeking to partner with strong, local brokerages in major DMAs. For more information about the program please call 1-855-843-1600.

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About ZipRealty, Inc.

ZipRealty is a leading full-service residential real estate brokerage focused on finding better, faster ways to connect home buyers and sellers with the information, tools and professional services they value to complete their residential real estate transactions. The Company offers a combination of a leading online presence, robust proprietary technology and knowledgeable local real estate professionals in the field. The Company`s award-winning, user-friendly website and mobile applications give its users on-the-go access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information and tools. The Company`s proprietary technology, including its agent productivity platform, helps increase the efficiency of real estate agents while reducing customer acquisition and management costs, allowing the Company to invest in making its value proposition differentiated and more attractive both to home buyers and sellers and to agents. Founded in 1999, the Company operates in 23 major markets in 18 states and the District of Columbia. The Company also has referral arrangements with third-party brokerages in three markets where it does not conduct its own brokerage operations. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP.

Coldwell Banker Howard Joins Forces with Zip Realty is a post from: Real Estate Press Release

New Real Estate Market Trend Emerging in Phoenix

Adult Children Receiving Help From Parents in over 20% of Home Purchases

Toma Partners, LLC, a luxury Phoenix real estate company, finds a powerful trend emerging where parents are backing their adult children in the purchase of homes in Phoenix. More than 20% of current transactions involve the parents backing their adult children, typically with the parents as primary mortgage holders.

“We have seen all sorts of parent assisted transactions over the last year” explains Toma Partners broker, Ben Toma. “The adult children have often lost a home through a short-sale or foreclosure. They can make a house payment but don’t have the credit to buy so the parents back them. We see some involvement of parents in more than 20% of the transactions we handle.”

The most common occurrence is for parents to purchase a home outright for the children who then rent or rent-to-own from their parents. This arrangement provides a stable investment income for the parents and reliable landlords for the children.

Low Phoenix home prices in comparison to rents is also prompting some parents to purchase first time homes for their stay-at-home kids. Financially savvy families see the current market as a perfect time to build a legacy for their kids, helping them get their first house at an affordable price.

Research with several Phoenix area mortgage professionals confirmed the same trend. Jim Hutelmyer of Suburban Mortgage in Phoenix states the parent buying trend “is a LOT more common.” According to Hutelmyer most conventional lenders now offer an option for a “non owner occupied primary residence.” These loans are specifically catered to situations where a family member can go in on the loan to help the person who is going to live in the

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house qualify. Almost 100% of the time it is a parent or grand parent or both going on with the adult child.

About Toma Partners

Toma Partners,LLC is a Phoenix-based luxury residential real estate company with offices in the Biltmore area of Phoenix. Specializing in short sales, investment properties and bank owned properties, the company provides high quality services for to its customers including staging, professional designers and photographers, and innovative uses of the Internet. Business Clubs America (BCA) is a national business development organization. For more information contact Mike Garland at (602.954.2000) or visit www.TomaPartners.com.

Over 20% of Phoenix Home Buyers Get Help From Parents is a post from: Real Estate Press Release

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Company cites shifts in consumer demand as main driver for change

ZipRealty the nationally-ranked real estate brokerage powered by proprietary technology and effective online marketing, today announced the Company has opened access to its comprehensive online services by removing the registration requirement on the majority of the ZipRealty website. Effective immediately in most of ZipRealty’s markets, consumers will no longer be required to provide contact information in order to view home prices, photos, maps, and other property listing details permitted under MLS rules to be shown without registration. ZipRealty has removed the registration requirement to satisfy the needs of consumers who often begin their home buying search online, and may not wish to provide contact details during the earliest stage of their home search process. The removal also makes it easier for website users to share home information via their social networks. This announcement follows in the footsteps of other recent strategic changes ZipRealty has made to capitalize on its core strengths in customer service, industry-leading technology, and efficient online marketing capabilities.

“We’ve been both applauded and criticized over the years for asking the consumer to register on our site before we show listing details. Applauded because we’ve been able to drive a steady stream of highly qualified leads to our real estate agents with the registration system, but also criticized for holding valuable information away from consumers in need of assistance,” said Lanny Baker, CEO of ZipRealty. “Rules and practices have evolved and the game has changed since ZipRealty first implemented the registration system. Today, we believe that every potential home buyer should have access to our excellent online home search experience and our technology-enabled local real estate agents, which we have combined to make finding the right home as easy and enjoyable as possible.”

Beginning in February of this year, ZipRealty tested the registration removal in three of its markets:  Sacramento, Houston and Portland. The total number of unique home visit requests generated in those markets was higher year-over-year than in the markets with a registration requirement.

Additional strategic changes ZipRealty has made over the past several months include:

• The discontinuation of the commission rebate program offered to buyers who close a transaction using a ZipRealty real estate agent;
• The introduction of new state-of-the-art mobile applications that allow consumers to take comprehensive information and personalized services from ZipRealty with them during every stage of their real estate process;
• The development of a new “Powered by Zip” offering with market-leading brokerages to combine the Company’s strengths in technology and online marketing with the great local presence and operational excellence of other local real estate brokerages; and
• The transition to an independent contractor relationship with real estate agents that provides greater flexibility and larger incentives that has helped ZipRealty to attract a more experienced agent force.

“The ZipRealty website has consistently ranked in the top 10 for real estate search even with the registration system in place, and we are excited about opening up all we have to offer for even greater numbers of consumers in the future,” added Baker.

About ZipRealty, Inc.

ZipRealty is a leading full-service residential real estate brokerage focused on finding better, faster ways to connect home buyers and sellers with the information, tools and professional services they value to complete their residential real estate transactions. The Company offers a combination of a leading online presence, robust proprietary technology and knowledgeable local real estate professionals in the field. The Company’s award-winning, user-friendly website and mobile applications give its users on-the-go access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information and tools. The Company’s proprietary technology, including its agent productivity platform, helps increase the efficiency of real estate agents while reducing customer acquisition and management costs, allowing the Company to invest in making its value proposition differentiated and more attractive both to home buyers and sellers and to agents. Founded in 1999, the Company operates in 23 major markets in 18 states and the District of Columbia. The Company also has referral arrangements with third-party brokerages in two markets where it does not conduct its own brokerage operations. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP.

Zip Realty Drops Forced Registration on MLS Listings is a post from: Real Estate Press Release

Home Ownership Drops to Lowest in Decades

Best Time to Invest in a Short Sale Property through Exit Realty

The United States has seen the biggest decline in home ownership since the Great Depression, with the rate of ownership falling to 65.1 percent as of April 2010. That number is just over one percentage point lower than it was in the 2000’s, making it the biggest drop since the 1930’s. Because of the ba

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d housing market, there are a great number of empty houses with the amount of vacancies increasing by 43.8 percent.

A large amount of Americans have become renters, but with so many unoccupied and underwater homes in the country it can be a great time to become a homeowner via a short sale. Similar to home ownership, home values have dipped to the lowest they have been since the Great Depression and the owners of the now vacant homes have turned their debt over to the banks. Real estate agents that specialize in short sales such as Mike Cuevas of Chicago-based Exit Realty can lead potential homeowners in the direction of the best short sale deal and give buyers multiple options when it comes to purchasing property.

“Purchasing a short sale property creates an opportunity for buyers to get a great deal or for first time homebuyers to acquire a home that they might not have been able to afford otherwise,” says Cuevas.

With the number of vacant and underwater homes on the market rising and a smaller buying population, companies like Exit Realty have the knowledge and skills to hone in on the best short sale properties that would create a positive outcome for all parties involved.

About Exit Realty

Exit Realty is a full-fledged residential real estate firm located in Chicago’s Wicker Park neighborhood. On top of handling traditional home sales, Exit Strategy Realty adapted to the market by becoming the top tier short sale real estate company in Chicagoland and the United States . With a real estate team dedicated to helping homeowners facing foreclosure, all agents undergo thorough non-stop training to assist clients throughout the short sale process. Exit Realty is located at 2235 W. North Avenue , Chicago IL . For more information, please visit www.chicagolandshortsale.com/. Find us on Facebook at “Exit Strategy Realty”.

Short Sale Property is a post from: Real Estate Press Release

First 10 buyers guaranteed 3.9 per cent annual return of investment

Having already successfully sold out of all phase one and two revenue-generating vacation hotel suites, the owners and developers of Victoria’s Oak Bay Beach Hotel have just launched phase three – rewarding the first 10 buyers with a whale of an investment return.

The first 10 buyers of the new, 25-unit phase are guaranteed a 3.9 per cent annual return of their investment – nearly doubling the hotels typical, 2 per cent, triple-net return rate on vacation hotel suites. The phase three units range from $379,000 to $1.1M and include studios, junior suites and one-bedroom suites, measuring between 450 and 750 square feet.

“We’ve been up against a tough market over these past few years,” said Kevin Walker, owner and developer of the Oak Bay Beach Hotel. “But instead of rolling over or waving a white flag, we’ve responded with a number of innovative selling tactics, such as the 100 per cent buyback guarantee we introduced last spring or this new 3.9 per cent annual return. In times like this, you have to think outside of the box – and, from what our buyers tell us, we’re on the right track.”

The new Oak Bay Beach Hotel vacation suites come fully furnished and are available in a variety of floor plans and layouts. Owners do not have to pay expenses typically associated with vacation properties (such as strata fees, maintenance expenses and property taxes) and have personal access to their suite for up to four months per calendar year.

“Purchasing one of these condos is an excellent investment move, considering the superior construction quality and oceanfront location,” said Brad Neufeld, director of sales for the Oak Bay Beach Hotel. “If you purchased a 750-square-foot downtown condo in Victoria, you’d be lucky to get an average annual return of 2 per cent, factoring all the extra costs that come along with traditional real estate investment properties.”

Upon opening in May 2012, the luxury Oceanside hotel will contain a total of 20 private residences and 100 combination vacation suites and hotel rooms; a full-service spa and seaside mineral pools; a cozy pub, gourmet restaurant and dinner theatre program; and round-the-clock butler, concierge and valet services. The $52M rebuild project first broke ground in 2009, three years after the hotel’s 80-year-old namesake was deemed beyond repair.

Paying homage to the original hotel, owners Kevin and Shawna Walker preserved a number of materials to be used in the rebuild, including windows, beams, bricks and furniture. And in addition to becoming Victoria’s first luxury hotel and spa with private residences, the hotel is also being built to LEED Gold Certified standards.

For more information about purchasing a vacation hotel suite at the Oak Bay Beach Hotel, visit www.oakbaycondos.com or call 1-800-668-7758.

About the Oak Bay Beach Hotel

The new Oak Bay Beach Hotel is being completely rebuilt on the same spectacular oceanfront lot where the previous hotel sat for over 80 years. It will reopen as a 100-room hotel with 20 luxury residences and vacation hotel suites in 2012. Built to five star standards, hotel and residential amenities include a seaside therapeutic mineral pool, a fitness centre, spa, dinner theatre program and fine-dining restaurant. Not only is this Victoria’s first combination full-service luxury hotel and private residence, it is also the only commercial waterfront development in Oak Bay.

Oak Bay Beach Hotel vacation hotel suites is a post from: Real Estate Press Release