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Oak Bay Beach Hotel in Victoria, Vancouver Island has sold out Phase 3 of its vacation hotel suites, and is now offering special incentives to the first 10 buyers in Phase 4.
The developers of this luxury ocean front hotel and residential condos are offering investment options to keen buyers.
Phase 4 gives the first ten purchasers of one of the waterfront hotel vacation suites a 105% buyback option after 5 years and a lease back contract enhanced by 50% to provide a return on investment at 3.25% annually.
Only 100 of these vacation hotel suites have been made available, and only the first 10 buyers in Phase 4 will receive these additional bonuses.
Owners are entitled to use their unit up to 16 weeks per year, and enjoy all of the amenities of the 5-star ocean front resort. When they are not using the fully furnished suites, owners receive revenue from the hotel's rental of the suite. The Oak Bay Beach Hotel is hosting its grand opening May 25-27, 2012.

The Oak Bay Beach Hotel in Victoria on Vancouver Island is nearing completion of its oceanfront hotel, Victoria hotel vacation suites and luxury waterfront residential condos. 
Looking back on 2011, the resort had its best sales year yet, with more than $20 million in sales on the books when the year ended, according to the Oak Bay Beach Hotel's director of sales Brad Neufeld.
“I guess that shouldn’t be surprising given the quality of the project, the ability for clients to come for a hard-hat tour of the project, and the opportunity to see first-hand the views offered in the various properties,” Neufeld said. “Nevertheless, it is extremely gratifying to watch our clients embrace the vision that we are bringing to life. 2011 saw us complete the sell out of the first three phases of vacation hotel suites, and we have now also sold 40 per cent of the residential condo properties in the project.”
The Oak Bay Beach Hotel is still offering pre-opening programs to early buyers.
“Phase four of the vacation hotel suites will be released this month, and we are calling this the 'Have Your Cake And Eat It Too' program,” Neufeld explained.
“You receive a leaseback contract from us that is 50 per cent higher that normal, with the right to sell the property back to us after five years.”
The Oak Bay Beach Hotel is also offering a “Fly and 'Try” program that includes a free weekend / three day trip to Victoria to come and see the vacation suites and oceanfront luxury condominiums. If you decide to buy while you are visiting, the Oak Bay Beach Hotel will pay for your trip.

Oak Bay Beach Hotel has released another block of 25 vacation hotel suites for sale in Victoria. In conjunction with this release of 25 units, the newly rebuilt waterfront hotel is offering early buyers a fantastic incentive which pays owners an Enhanced Lease Revenue stream that is nearly double the revenue that was offered in earlier sales phases.
The first 10 purchasers of these luxury vacation hotel suites will earn 3.9% triple net annually for as long as they own the property, with all of the usage benefits. The majority of those 10 units have already been sold and only a few of these waterfront hotel suites remain.
The Oak Bay Beach Hotel has launched a website specific to its real estate sales. In addition to the vacation hotel suites, there a limited number of luxury waterfront condos for sale at the Oak Bay Beach Hotel.
The Oak Bay Beach Hotel sales office, located on the hotel site, is open 10-4 Saturday & Sunday. For those living outside Vancouver Island, Oak Bay Beach Hotel offers a unique Fly and Try program that provides a free getaway to Victoria for those purchasing real estate at the hotel.

The Oak Bay Beach Hotel is offering guests the opportunity to find out what it would be like to own Oceanfront home or vacation suite in Victoria on Vancouver Island.
The Oak Bay Beach Hotel’s “Fly & Try” Package allows guests to travel to Victoria for the weekend to explore Vancouver Island living.
This package includes: Two nights accommodation at the Inn at Laurel Point in an ocean-front suite; $100 Gift Card to the Oak Bay Marina Restaurant; your choice of whale watching or golf for two; personal car and driver for airport and hotel transfers and to Oak Bay Beach Hotel's presentation and site tour; wine & cheese in the presentation centre downtown Victoria; a personal tour of the Oak Bay Beach Hotel construction site; and a free Oak Bay Explorer card, for valuable discounts and special offers at Oak Bay businesses.
The total package starts at $740 based on double occupancy, and if you choose to purchase an oceanfront condominium or vacation hotel suite, the full package amount will be reimbursed.

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 of Vancouver Island vacation suites are guaranteed a 3.9 per cent annual return of their investment – nearly doubling the hotel's typical 2 per cent triple-net return rate on vacation hotel suites.
The phase three units range from $379,000 to $1.1 million and include studios, junior suites and one-bedroom suites, measuring between 450 and 750 square feet.
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.
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.
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.

The New Oak Bay Beach Hotel and Luxury Private Residences on the Victoria waterfront was recently featured in the Vancouver Sun.
This Vancouver Island luxury hotel and real estate development is a re-build of the iconic Oak Bay Beach Hotel, and will feature 20 luxury waterfront condominiums and vacation hotel suites.
The Private Residences at the Oak Bay Beach Hotel offer luxury living that is at once comfortable and elegant. The panoramic ocean and mountain views from these waterfront homes are breathtaking. The large suites will be finished in a traditional manor-house style and the residences mesh seamlessly with the sophisticated services and amenities of the resort.
Vacation Hotel Suites make perfect vacation homes with access to all the services of the Oak Bay Beach Hotel. Spend up to four months a year in Victoria while enjoying contracted lease-back revenues from the hotel.
The Grand Opening of the Hotel is set for May 2012. Click here to read the full Vancouver Sun article.

The waterfront Oak Bay Beach Hotel in Victoria will hold its grand re-opening in Spring of 2012, as Victoria's first luxury waterfront hotel and spa with Private Residences. To celebrate the launch of their new website, the Oak Bay Beach Hotel is giving away a free iPad 2 in their Oak Bay Beach Hotel Sweepstakes.
To enter, simply sign-up, log in, and answer a quick five-question quiz about the new hotel. Answers can be found at www.oakbaybeachhotel.com, the brand new online home of the re-constructed Oak Bay Beach Hotel.
Visit the site and learn about the hotel's luxurious rooms and suites overlooking the Pacific Ocean, and learn about the prime real estate offerings, with the Private Residences and Vacation Hotel Suites that are currently available for sale.
When the Oak Bay Beach Hotel re-opens in Spring 2012, it will be Victoria's premier choice in luxury accommodations, with unparalleled ocean views, a seaside spa and pools, and more. Be among the first to learn about it and enter to win an iPad in the process.

Victoria's re-built Oak Bay Beach Hotel is now less than one year away from opening its doors on the Victoria watefront. Opening celebrations have been set for the May 19, 2012 long weekend at the iconic Oak Bay Beach Hotel development project, located on Beach Drive in Victoria, Vancouver Island.
Set on the edge of the Pacific Ocean, in arguably one of Canada’s most scenic neighbourhoods, Oak Bay, the combination hotel, luxury residences and vacation hotel suites is well on its way to completion.
Kevin and Shawna Walker, the owners and developers of the $52M endeavor, are excited to show off the renewed project.
Kevin Walker notes that fans of the first Oak Bay Beach Hotel will be pleased to see that a number of original materials are being used in the rebuild, including bricks, windows, beams and furniture. In addition, both the well-loved Snug Pub and dinner theatre program will be key features of the re-opened hotel.
A number of modern amenities, as well as luxury private residences have been added, making the property Victoria’s first luxury hotel and spa with private residences. The Oak Bay Beach Hotel is also targeting a LEED Gold certification and 5 Green Keys in the Hotel Association of Canada’s Green Key Program.
Thanks to a number of innovative incentives rolled out to potential buyers this past spring, including a buyback guarantee and membership to a luxury travel program, the Walkers have already sold (or are near closing) eight of the available 20 residences and 47 of the 100 vacation hotel suites. Pre-opening pricing starts at $350,000 (for investment vacation hotel suites) and $1 million (for private residences).
For more information about purchasing a private residence or vacation hotel suite at the Oak Bay Beach Hotel, visit www.oakbaybeachhotel.com or call1-800-668-7758.