The companies managing the renovation and sale of the Delta Whistler Resort have secured a new type of covenant on the hotel which will allow the eventual owners to stay in their suites for an almost unrestricted amount of time.
James Askew, who is a consultant with Playground Real Estate, which is an Intrawest company, confirmed the covenant would be a major marketing point for the Deltas suites when they go on sale in April.
The new covenant on the Delta does not have a specific title but many people involved with the development of the sale are calling it a phase "one-and-a-half" covenant. This rating is significant because it will allow the suite owners to spend much more time in their units than is allowed most other owners of suites in village hotels.
Most other strata titled hotels in Whistler Village, such as those in the Westin, have a phase two covenant. The phase two covenant restricts the number of days owners can stay in their suites to 56 per year.
The other significant marketing point for this sale is that the hotel owners, who are represented by WW Hotels, will be renovating the rooms to meet the Hilton standard.
The municipalitys general manager of planning and development, Bob MacPherson, conceded that the age of the Delta Whistler Resort building was integral in ensuring the units would have a phase "one-and-a-half" covenant.
"When the initial village was developed, which is when the Delta was built, everything was phase one (a covenant that places no restrictions on owners use, but the owners can put their suites into a rental pool when they are not using them). And then as things began to grow the phase two (covenant) came in to require people to rent them out," MacPherson said.
Renovations of the Delta are due for completion by the fall of 2005; thereafter it is hoped the hotel will be officially "flagged" by Hilton and managed by the Westmont Hospitality Group, who are the current managers of the hotel.
"The real magic of this one is that youve never had and will never have again, that I know of, a situation where youve got a ski-in, ski-out full service hotel, which (could be) flagged by a world renowned brand (Hilton); at phase one (and a half)," Askew said.
Askew said the Olympic announcement had played a significant role in attracting the interest of several international firms to Whistler.
"Theres been a lot of excitement in Whistler since the Olympics was announced and weve (Playground) had a lot of interest expressed from some large international hoteliers.