Image contributed by City of Kelowna

By Vernon Matters Staff

growth

Kelowna spends $28M on properties for ‘world class hotel and marina’

Oct 16, 2025 | 5:25 PM

The City of Kelowna has forked out almost $ 28-million for three high-profile properties on the waterfront that will be developed into a world class hotel and marina.

The properties are on Pandosy Street, as well as Queensway and Bernard Avenues.

The City said it has undertaken a comprehensive market analysis and believes there is national, if not global interest in this premier waterfront hotel site. The development will happen in the next three to five years.

The $27.8 million dollar purchase is intended to be funded by borrowing, with no impact on taxation, the City said.

The City recently acquired an office building at 1440-1460 Pandosy Street, a vacant development site and former city roadway at 289 Queensway Avenue and the Kelowna Marina at 210 Bernard Avenue from Westcorp.

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“Kelowna is one of the fastest growing cities in Canada, and with that growth comes the need to expand our capacity to host major events and welcome visitors to our community,” Mayor Tom Dyas said in part, in a statement.

“Securing ownership of this strategic downtown waterfront site allows us to advance a long-term vision for a vibrant, world-class hotel and marina in the heart of our city. This investment strengthens our local economy, supports our tourism sector, and ensures that as Kelowna grows, we continue to offer the amenities and accommodations expected of a premier destination city.”