Estimated reading time: 2 minutes
Key Takeaways
- Owners can use their Phase 2 condo-hotel for up to 28 days in both winter and summer, reserving dates seven months in advance.
- Each hotel has a unique management agreement outlining personal use rules, cancellations, and property disposition.
- Revenue from Phase 2 condos is classified as business income, requiring CRA approval for the entire hotel.
- Whistler has 14 Phase 2 properties, with major hotels providing detailed financial reports to owners.
- Contact an experienced Whistler realtor to navigate the buying process and understand upcoming renovations.
Personal Use
The owner has the option of using their Phase 2 condo-hotel up to 28 days in winter and 28 days in summer. Seven months out from the start of the winter and the summer season, the owner receives a booking calendar to book personal dates. For personal use bookings, the calendar must be returned to the hotel within 30 days. After 30 days, the availability is passed over to the hotel for renting to the public and earning the owner revenue from the rental pool. Yes, there can be close in bookings, but these are subject to hotel occupancy.
Hotel Management Agreement
Each Phase 2 has a slightly different hotel management agreement detailing the rules of ownership, personal bookings, including cancellations, and the disposition of property. Some hotels also have an FAQ sheet, which can also be helpful. The agreement should be provided to the Buyer along with the owner’s financial statements and booking calendar, well in advance of writing an offer.
Business Income
Revenue from a Phase 2 is treated as business income rather than rental income. In order for the income to be treated as business income, the property manager must apply for approval from CRA for the entire “hotel”.
There are 14 Phase 2 properties in Whistler. The most recognized are the ones with a big name attached: Westin, Four Seasons, and Pan Pacific. The advantage of these is the detailed financial reporting to the owners. The owner’s financial statements are thorough. However, each hotel report is slightly different, so there is no direct revenue comparison.
Understanding Phase 2 Property
There are three pages which may help you wrap your head around Phase 2 property in Whistler:
Next Steps
It is essential to work with an experienced Whistler realtor who can explain the process of buying. This is especially important in 2026 and 2027 when the Westin has collected funds for their renovation. If you are not already working with a Whistler realtor, please contact me to set up an appointment to discuss your options.
Marion Anderson Real Estate Agent
Sutton Group – West Coast Realty, Whistler, B.C.
marion@marionanderson.com (604) 938-3885