Charts Comparing Phase 2 Properties
This page is a guideline of comparisons between the big 3 Phase 2 hotels: 1) Westin Resort and Spa, 2) Pan Pacific Mountainside, and 3) Four Seasons Hotel. The Blackcomb Springs would not be considered one of the big 3, but the location is excellent on the side of Blackcomb Mountain. While the Four Seasons Hotel is not ski-in ski-out, it has a shuttle bus to and from the slopes with a Ski Concierge Shop location at the Base of Blackcomb Mountain, which offers a first-class ski-valet experience. Most buyers include it when considering a Phase 2 purchase.
Considered a commercial purchase, each of these Phase 2 hotel condo properties has a variation on the owner’s financial statements, so it is difficult to determine which property produces the most revenue based on the capital outlay. In addition, owner booking restrictions and cancellations also vary.
Table of contents
Hotel Condo Overview
Note: This chart is a guideline and should be verified. Rules change.
Owner Use
Note: This chart is a guideline and should be verified. Rules change.
Owner Financial Statements
Note: This chart is a guideline and should be verified. Rules change.
| Westin | Pan Pacific Mountainside | Four Seasons Hotel | Blackcomb Springs | |
|---|---|---|---|---|
| Financial Reporting | Detailed Financials | Excellent Detailed Financials | Excellent Detailed Financials | Detailed, simple statements |
| Owner Rental Pool Statements | Does not show the revenue for the full hotel | Shows room, parking and cancellation revenue | shows hotel units rental pool revenue | includes hotel room nights, availability, occupancy, and revenue. |
| FF&E | Taken from Funds in Capital Reserve when needed | Separate line item in rental pool statement | Separate line item in rental pool statement | Separate line item in rental pool statement |
| Funds at completion date | Funds in Capital Reserve remain with the unit as per HMA section 16.2.8 | Manager pays owners net rental revenue to seller. | Manager pays owners net rental revenue to seller. | Manager pays owners net rental revenue to seller. |
| Management Fees | % not provided $ amount per unit with no reference. | 42% | 45% after 2years | Fees not detailed on the owner statements |
| Strata Fees | Deducted from rental pool revenue | Not deducted from rental pool revenue | Not deducted from rental pool revenue | Not deducted from rental pool revenue |
| Property Taxes | Deducted from rental pool revenue. additional to strata fee | Not covered by hotel: Owners directly responsible to pay municipality. | Not covered by hotel: Owners directly responsible to pay municipality. | Not covered by hotel: Owners directly responsible to pay municipality. |
| Tourism Whistler | Deducted from rental pool revenue. additional to strata fee | Not covered by hotel: Owners pay directly | Not covered by hotel: Owners pay directly | Not covered by hotel: Owners pay directly |
| Insurance | Deducted from rental pool revenue, additional to strata fee | Included in strata fee | Included in strata fee | Deducted from rental pool revenue, additional to strata fee |
Next Steps
If you are not already working with a realtor, contact Marion Anderson, marion@marionanderson.com, to set up an appointment to discuss your options and clarify your understanding of Phase 2 property in Whistler.
Marion Anderson Real Estate Agent
Sutton Group – West Coast Realty, Whistler, B.C.
marion@marionanderson.com (604) 938-3885


