718 Jade is a former hotel in downtown Vancouver that was acquired by Everest group of Companies and converted into a 228-bed student residence. In a little over three months, the property achieved over 95% occupancy.
The student housing market in Vancouver – especially for foreign students – is extremely tight. Everest has successfully capitalized on this need and found solutions in retrofitting that meet the needs of all stakeholders.
Everest has partered with Global Education City, a leader in the field of student housing management, to manager the property. The manager is marketing the property under the name “GEC Granville”, www.studenthotel.ca/gec-granville/.