Real estate investors eye B.C. hotel sector
In the township of Esquimalt, a short trip from Victoria’s picturesque Inner Harbour, lies the recently opened Rosemead House – a stunning, 1906 Tudor Revivalist estate that has been transformed into a luxury boutique hotel.
The property underwent a $25-million, decade-long renovation that was led by Vancouver-based Aragon Properties, whose founder and president, Lenny Moy, purchased the estate and its surrounding 1.7 hectares in 2015. The land surrounding Rosemead House is being transformed into a new residential development called Oakwoods, and it will include 180 new homes.
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