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$200M 1 Hotel To Anchor $650M Wyndansea Resort

UCLUELET, BC-Marine Drive Properties and Starwood Capital will break ground in early 2009 on the crown jewel for a 370-acre eco-resort and golf course overlooking the Pacific.

By Connie Gore | Updated on June 24, 2008

UCLUELET, BC-Marine Drive Properties Ltd. will break ground in early 2009 on the $650-million Wyndansea Oceanfront Golf Resort, a 370-acre legacy project buffered by the Pacific Ocean and Pacific Rim National Park. The centerpiece will be the $200-million 1 Hotel Vancouver Island, which could be the first one to emerge on the West Coast from the eco-chain’s pipeline.

Elke Loof-Koehler, CEO of the Vancouver-based development company, has wrapped up one year of talks with Starwood Capital Group Global LLC of Greenwich, CT to get the crown jewel for Wyndansea. Loof-Koehler’s two-year mission has been to design an eco-resort meeting LEED Gold certification and as carbon-neutral as possible. The acreage, with 5.6 km of coastline, was acquired from the timberland portfolio of Federal Way, WA-based Weyerhauser Co.

“It’s definitely a one of a kind in the world,” emphasizes Sarah Evans, vice president of marketing for S&P Destination Properties LLC of Vancouver, which has been at the developer’s side since designing began. “To have this much land on the long beach peninsula and two-thirds of the peninsula as the Pacific Rim National Park is unheard of.”

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